Feeds

Brocade continues green streak

'Bout the Benjamins

Choosing a cloud hosting partner with confidence

Storage switch maker Brocade continued its run of financial good form by posting its best ever revenues, and said its acquisiton of arch-rival McData could close as soon as January.

Brocade brought in $208.8m in Q4, 44 per cent up on revenues for the same period in 2005. It beat its own best expectations of $205m, which it had already upped from earlier estimates.

On a GAAP basis profit hit $20.0m, or $0.07 per share, up on Q4 2005 when Brocade barely broke even by making $1.1m. For the financial year overall GAAP profit was $67.6m on revenues of $750.6m, compared to $43.1m on revenues of $574.1m for 2005.

McData's earnings report as a standalone company earlier this month revealed it shrank in market share and revenue during what Brocade hopes will be its last year in the game. Cisco's storage revenues meanwhile increased last quarter, but nowhere near as quickly as Brocade's.

In a conference call, CFO Richard Deranleau said he expected the Federal Trade Commission's interest in the $713m acquisition of McData to come to nothing. He said he expected the deal to be approved and go through as soon as January.

CEO Michael Klayko said: "The success in our Storage Area Network (SAN) business has helped us to drive returns this year while at the same time allowing us to invest for future growth." The firm is working on a move into File Area Networking (FAN) and expanding its services division.

Shares in Brocade gained 3.7 per cent in after-hours trading last night. ®

Security for virtualized datacentres

More from The Register

next story
It's Big, it's Blue... it's simply FABLESS! IBM's chip-free future
Or why the reversal of globalisation ain't gonna 'appen
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
Bitcasa bins $10-a-month Infinite storage offer
Firm cites 'low demand' plus 'abusers'
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
Pssst. Want to buy a timeshare in the clouds?
The Google dilemma — controller or spreader of knowledge?
CAGE MATCH: Microsoft, Dell open co-located bit barns in Oz
Whole new species of XaaS spawning in the antipodes
Microsoft and Dell’s cloud in a box: Instant Azure for the data centre
A less painful way to run Microsoft’s private cloud
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.