Feeds

Brocade profits McDisappear

Overworked PR team in critical condition

Intelligent flash storage arrays

Brocade is ending a big week overflowing with product announcements, stomping on is partners' toes and a healthy federal pay-off with something very small:

Profits.

Brocade's net income took a dive in their second quarter, as the data storage equipment maker continues to suffer from acute financial indigestion after eating rival McData for $973m.

Net income was $843,000 for its fiscal second quarter ended in April, compared with income of $13.5m a year ago. Brocade's latest earning report represents its first combined quarter with McData.

Excluding the McAquisition, legal fees, compensation expenses and other one-time items, however, Brocade reported a quarterly profit of $46.6m.

Revenue nearly doubled at $345.3m, up from $182.7m during the same quarter last year.

CEO Michael Klayko said on conference call he was happy with the earnings, despite it being a seasonally soft quarter for the business. Klayko added that demand was good across all three segments of Brocade's business.

For the current quarter, Brocade expects to report revenue between $330m and $340m.

Earlier this week, Brocade announced a plethora of new and upgraded software and hardware for the company's storage area network and file area network lineup.

Today, the company ponied-up $7m to settle SEC charges of falsifying reports of income through backdating and misreporting compensation expenses.

Brocade washed this down with the announcement that it will move into the host bus adapter market, an area previously towed by Brocade partners QLogic and Emulex.

Lastly, the company finishes its coup of The Register's front page with today's earnings report. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
prev story

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.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.