Storage infrastructure firm
reported fiscal first-quarter earnings ahead of Wall Street's expectations Thursday after the close of regular trading.
Brocade said it earned $32.5 million, or 13 cents a share, in the quarter ended Jan. 27, surpassing the
First Call/Thomson Financial
consensus estimate of 12 cents a share and well ahead of the tiny $7.3 million, or 3 cents a share, the company earned in the year-ago period.
Revenue totaled $165 million, a tad higher than what most analysts were looking for. The first-quarter sales figure improved on both last year's $42.7 million and the prior-quarter's $132.1 million, marking Brocade's 10th straight quarter-over-quarter revenue increase.
Brocade, which makes the fiber-channel switches that connect storage-area networks to one another, has gotten
hit hard lately amid the downdraft created by
warning last week that some of its large customers were delaying their orders.