Brocade Communications (BRCD) Tops Q3 EPS by 5c

Brocade Communications (NASDAQ: BRCD) reported Q3 EPS of $0.27, $0.05 better than the analyst estimate of $0.22. Revenue for the quarter came in at $552 million versus the consensus estimate of $550.54 million.

“I am pleased with our Q3 2015 financial results as we delivered improved profitability and higher revenue year over year,” said Lloyd Carney, CEO of Brocade. “Our IP Networking revenue growth of 16% continues to outpace the market with strong performance from both service provider and U.S. federal customers. As the storage market evolves, our SAN business continues to demonstrate the vital role of Fibre Channel as customers connect both traditional disk storage and next-generation flash arrays. Brocade is well positioned with our customers, partners, and products heading into the final quarter of our fiscal year.”

For earnings history and earnings-related data on Brocade Communications (BRCD) click here.

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