QLogic Corp (QLGC) Tops Q4 EPS by 2c

QLogic Corp (NASDAQ: QLGC) reported Q4 EPS of $0.28, $0.02 better than the analyst estimate of $0.26. Revenue for the quarter came in at $133 million versus the consensus estimate of $135.36 million.

“I am very pleased with our achievements during the fourth quarter and for the full year of fiscal 2015. We accomplished a great deal, including expansion of our market share position for both our Fibre Channel and Ethernet products1. In addition, during fiscal 2015, we were the first to sample the next generation 25/40/50/100Gb Ethernet controllers to customers that serve the enterprise and Cloud markets,” said Prasad Rampalli, president and chief executive officer, QLogic. “From a financial perspective, our revenue during fiscal 2015 increased by 13% over fiscal 2014 and our operating income and earnings per share expanded at even higher growth rates. Our focus on server and storage connectivity provides us excellent leverage from both a product development and customer engagement standpoint. I believe that as we continue to execute on our strategy, we are well positioned to deliver on our top and bottom line growth plans in the coming year.”

For earnings history and earnings-related data on QLogic Corp (QLGC) click here.

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