Brocade clocks 1% revenue growth to $552 million

Brocade CEO Lloyd Carney
Enterprise networking vendor Brocade said its revenue rose 1 percent to $552 million in its third fiscal quarter ended August 1, 2015.

Lloyd Carney, CEO of Brocade, said: “Our IP Networking revenue growth of 16 percent continues to outpace the market with strong performance from both service provider and U.S. federal customers. As the storage market evolves, our SAN business continues to demonstrate the vital role of Fibre Channel as customers connect both traditional disk storage and next-generation flash arrays.”

Brocade said its SAN product revenue fell 5 percent to $309 million — primarily due to the result of softer demand for embedded and fixed-configuration Fibre Channel switches.

IP Networking product revenue increased 16 percent to $154 million – supported by 35 percent growth in router sales and 6 percent increase in switch sales.

Brocade said it achieved 43 percent growth in IP Networking product revenue from service providers and 32 percent increase in revenue from U.S. federal.

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