Brocade Communications (BRCD) Reports In-Line Q2 EPS

Brocade Communications (NASDAQ: BRCD) reported Q2 EPS of $0.19, in-line with the analyst estimate of $0.19. Revenue for the quarter came in at $537 million versus the consensus estimate of $531.5 million.

“This was a solid quarter for Brocade in which our Storage Area Networking (SAN) revenue grew year-over-year and our refocused IP Networking business made good progress in the quarter,” said Lloyd Carney, CEO of Brocade. “We see increasing customer interest in our software networking and Ethernet fabric technology as we drive innovation and disruption in data center networking. We are also pleased to report that our Board has approved the initiation of a quarterly cash dividend of $0.035 per share to be paid in Q3 2014."

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

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