Feeds

McData makes profit, lowers revenue guidance

Needs EMC to do better

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

The Register's Enterprise Storage Channel

SAN switch maker McData Corp has posted quarterly results showing a better than expected income, but has lowered its revenue guidance for the fourth quarter.

For its third quarter ended September 30 2002, the company reported net income of $2.3m or 2 cents per share, beating analyst expectations of a one cent loss. For the same period last year, the company saw a net loss of $13.6m. In a guidance revision issued towards the beginning of the month McData had said it expected income to be breakeven to a penny loss

Revenue in the latest quarter was $80.9m, up 6.5% on the same period last year, and up 4.8% sequentially. For the fourth quarter the company said it expected sequential revenue growth of only 4% to 6%. In the summer the company predicted sequential revenue growth of 11% to 15% - a forecast which it had been sticking to even after the revision to the third quarter earlier this month.

McData's largest OEM customer is EMC Corp, which posted disappointing results last week. During the the third quarter EMC accounted for 56% of McData's revenue, up from 50% in the second quarter.

In the last few weeks the company has launched two new products The first was a giant 140-port director replacing the company's previously largest device, a 64-port director. The other device was an 8 to 24-port switch, which renewed McData's efforts to penetrate the low and mid-range SAN switching market.

© ComputerWire

Related stories
McData Q3 update is curate's egg
McData maxes out on director size

Remote control for virtualized desktops

More from The Register

next story
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Stop the IoT revolution! We need to figure out packet sizes first
Researchers test 802.15.4 and find we know nuh-think! about large scale sensor network ops
SanDisk vows: We'll have a 16TB SSD WHOPPER by 2016
Flash WORM has a serious use for archived photos and videos
Astro-boffins start opening universe simulation data
Got a supercomputer? Want to simulate a universe? Here you go
Microsoft adds video offering to Office 365. Oh NOES, you'll need Adobe Flash
Lovely presentations... but not on your Flash-hating mobe
prev story

Whitepapers

Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.