Brocade Earnings Report Just Average

Brocade’s report on its fiscal second quarter earnings was boring, according to this blog report on Infostor. In fact, the blog states that the best thing you could say about Brocade’s earnings was that there were earnings.

“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.

“The highlight of the Fibre Channel king’s revenue report was . . . Ethernet. Brocade’s Ethernet business posted a 34% gain over the first quarter of this year (although only 2% year-over-year). In fact, Q2 was Brocade’s highest revenue quarter for Ethernet ($156.7 million in products and services) since the company acquired Foundry.”

Read the Full Story at Infostor

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