Brocade Communications Systems Management Discusses Q3 2012 Results - Earnings Call Transcript

Before we take your questions, investors should note our comments today may include forward-looking statements regarding Brocade's financial results, plans, market opportunities and business outlook, which are only predictions and involve risks and uncertainties such that actual results may vary significantly. These and other risks are set forth in more detail in our form 10-K for the fiscal year ended October 29, 2011, and in our form 10-Q for the quarter ended April 28, 2012. These forward-looking statements reflect beliefs, assumptions, outlook, estimates and predictions as of today, and Brocade expressly assumes no obligation to update any such forward-looking statements. In addition, this presentation may include various third-party estimates regarding the total available market for SAN and Ethernet, as well as other measures, which do not necessarily reflect the view of Brocade. Further, Brocade does not guarantee the accuracy or reliability of any such information or forecast.

This presentation includes non-GAAP financial measures. The most directly comparable GAAP information and a reconciliation between the non-GAAP and GAAP figures are provided in our Q3 2012 press release, which has been furnished to the SEC on Form 8-K, and in our slide presentation and prepared comments on our website, brcd.com.

Here to take your questions are Mike Klayko, Brocade's CEO; Dan Fairfax, CFO; John McHugh, CMO; and Dave Stevens, CTO and VP of Corporate Developments; and Jason Nolet, VP Data Center and Networking.

I will now turn the call over to CEO, Mike Klayko. Mike?

Michael A. Klayko

Thanks, Rob. Good afternoon and thank you for joining us today. Fiscal Q3 was a great quarter for Brocade. We had tremendous differentiation in our product line and fantastic execution across our organization. We were able to overcome many of the issues that others are experiencing in this challenging environment. As a result, our financial performance exceeded our expected outlook for revenue, non-GAAP operating margin and earnings per share.

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