Brocade Earnings Not so Exciting

Brocade’s report on its fiscal second quarter earnings was boring, at least compared to, say, Dell’s dazzling report or HP’s home run earlier this week, or even to Brocade’s own bubbly Q1 results. According to this blog report on Infostor, the best thing you could say about Brocade’s earnings was that there were earnings.

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"Brocade (NSDQ: BRCD) reported Q2 revenues of $501 million, which was 1.1% off its Q2 2009 revenue. That’s what was so surprising: There wasn’t much change in this period vs. the same period a year ago.

"For example, if you break Brocade’s business into three major segments, the SAN (Fibre Channel) business accounted for 56% of the company’s total revenues in Q2 2010 vs. 58% in Q2 2009. Global services represented 18% of total revenues, vs. 17% last year, and Ethernet accounted for 26%, vs. 25% in Q2 2009."

Read the Full Story at Infostor