Feeds

McData Q3 update is curate's egg

Sales down, profits up

  • alert
  • submit to reddit

Reducing the cost and complexity of web vulnerability management

Check out The Register's Enterprise Storage Channel

McData has furnished the world with new guidance for Q3 revenues and earnings per share. And a mixed bag it is too, with sales at the SAN switching firm now expected to come in at $80-$81m - $2m-$4m less than previously anticipated. But it expects a better pro-forma EPS - breakeven to a loss $0.01 a share, against previous guidance of a loss of $0.01 to $0.02 a share.

McData will still end the quarter making a loss - the EPS calculation is at the operating level - "non-cash deferred compensation and amortization charges" are excluded.

McData reckons it has performed well in Q3, despite "the current softness in IT spending". It notes that IT departments have to maintain growing storage networks but they must do this without increasing capital spend. McData reckons it has the answer with the likes of the Intrepid 6000 Series 140-port Director, a new product designed to "help our customers to manage their storage networks cost efficiently", John Kelley, McData CEO says." We see consistent demand for SANs which suggests that this high ROI product remains a priority for tech spending."

McData announces the full set of Q3s on October 17. ®

Related story
McData maxes out on director size

Choosing a cloud hosting partner with confidence

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.