Our Q2 revenue was slightly down year-over-year, primarily due to the divestiture of the SBS business unit in late 2011. However, the increased focus on our core businesses, as well as emerging target markets helped improve gross margins and profitability.An important part of our growth strategy is to focus on investments in key target markets, selecting those areas where we can leverage our technology and market leadership. Over the past 2 years, we have made strategic investments that have reduced profitability. But we do believe that the aggregate return over time will be significant to our business. We're now at an inflection point where we expect to grow profits faster than revenue by driving efficiencies into our business.
Brocade Communications Systems Management Discusses Q2 2012 Results - Earnings Call Transcript
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