Feeds

Brocade continues green streak

'Bout the Benjamins

3 Big data security analytics techniques

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. ®

SANS - Survey on application security programs

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.