Brocade Q3 revenue up 2 percent to $545 million

Enterprise networking vendor Brocade said third quarter revenue rose 2 percent to $545 million.

Brocade said 56 percent of its Q3 revenue came from the U.S. enterprise IT market against 61 percent in the year-ago quarter.

The company said 55 percent (48 percent) of IP networking business came from data center segment, 39 percent (40 percent) from enterprise campus and 6 percent (12 percent) from carrier network.

Lloyd Carney, CEO of Brocade, said: “The resilience and durability of our SAN business, along with Brocade VDX sales, validate our strategic direction. We continue to leverage our core competencies in hardware and software networking to position the company for growth, and we remain focused on delivering a world-class customer experience, even in the most demanding environments.”

Brocade enterprise networking vendor

Brocade SAN business revenue rose 3 percent to $380 million. The improvement was the result of 4 percent growth in SAN product revenue due to higher switch and director sales, partially offset by lower embedded product sales and the revenue impact from the divestiture of the HBA business during Q1 2014.

IP Networking business revenue dipped 1 percent to $166 million. The sequential 5 percent increase was primarily due to higher sales of Ethernet switching products to the U.S. Federal government and strong Brocade VDX sales to data center customers, partially offset by lower routing sales to service provider customers and lower support revenue.

Brocade IP Networking product revenue fell 1 percent to $133 million.

Ethernet switch revenue increased 17 percent. Routing product revenue decreased 19 percent, primarily due to a pause in some customer orders in anticipation of new products scheduled for release in fiscal Q4 2014.

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