Brocade CEO: We're Going for 2015 Growth

NEW YORK (TheStreet) -- Brocade's (BRCD) growth plan will kick into gear in fiscal 2015, according to CEO Lloyd Carney, driven by software defined networks (SDN) and Ethernet networking technology.

"FY2015 absolutely will show topline growth," he said, during a phone interview after the firm's fourth-quarter results this week. "We're positioning ourselves in all the right emerging markets that we know will be propelling this industry going forward."

Brocade's fiscal 2015 begins in November 2014.

SDN, a set of techniques for managing network traffic flows through software, will be key, according to Carney. "Software-defined networking, it is happening," he said. "It's so much more efficient -- it's like you rode a horse to work in the morning and drove a car home."

Carney added that Brocade's Vyatta virtual router has been downloaded more than 1.3 million times.

The CEO is also confident that Brocade's Ethernet fabric technology, such as its VDX switches, will ride the server virtualization wave. "It's infinitely easier and more cost effective to build a network using a fabric -- the fabric enables you to more efficiently connect these virtual environments."

Brocade recently won a deal with IBM (IBM), which will resell its Ethernet fabric technology, he added.

This is a transitional time for Brocade, which has shifted is market focus onto thepublic sector and data centers. The San Jose, Calif.-based firm expects to exit certain, as yet undisclosed, businesses during the next six months, impacting its fiscal 2014 revenue by about $80 million.

Set against this backdrop, Brocade offered weaker-than-expected first-quarter revenue guidance earlier this week. Carney, however, noted that top-line growth is not the company's near-term priority.

If you liked this article you might like

Trump's Lattice Deal Block Could Cause Cascade of China Cancellations

Janet Yellen and Powerball - 5 Things You Must Know Before the Market Opens

These Stocks Are Ready to Reverse Course

Morgan Stanley Makes Broadcom a Top Second Half Pick

FTC Requires Firewall for Brocade Acquisition