Brocade Adjusted Earnings Top Forecasts
On an adjusted basis, Brocade reported second-quarter earnings of $47.1 million, or 11 cents a share, as revenue rose 43% to $506.3 million.
Brocade Communications
(BRCD)
swung to a fiscal second-quarter loss of $63.1 million, or 16 cents a share, from net income a year earlier of $91.4 million, or 23 cents a share.
On an adjusted basis, earnings in the quarter were $47.1 million, or 11 cents a share, as revenue rose 43% to $506.3 million.
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Analysts surveyed by Thomson Reuters expected switch maker
to earn 9 cents a share on revenue of $476.4 million.
"Brocade had another outstanding quarter where we achieved record revenues driven by strong customer demand for our end-to-end networking solutions, said CEO Michael Klayko in a statement Thursday.
