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UPDATE: Brocade Posts Upbeat FQ1 Results

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Brocade Communications Systems (NASDAQ: BRCD) posted a loss in the fiscal first quarter.

Brocade posted a quarterly loss of $21.3 million, or $0.05 per share, versus a year-ago profit of $58.6 million, or $0.12 per share. Excluding special items, it earned $0.21 per share.

Its revenue climbed 5% to $588.7 million. Brocade in November projected earnings of $0.15 to $0.16 per share on revenue of $565 million to $585 million.

Its gross margin rose to 63.5% from 61.5%.

Brocade shares fell 1.50% to $5.91 in after-hours trading.

Posted-In: profitEarnings News


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