Shares of storage networking equipment vendor Brocade Communications Systems (BRCD) are up 25 cents, or 6%, at $4.73 in late trading after the company reported fiscal Q4 revenue and earnings per share comfortably ahead of estimates, and forecast the current quarter’s results higher as well.
Revenue in the three months ended in October rose a fraction of a percent, year over year, and 9%, quarter over quarter, to $550 million, yielding EPS of 16 cents, excluding some costs.
Analysts had been looking for $527 million and 10 cents a share.
Ethernet product and services revenue rose 12%, quarter over quarter, to $189.2 million. Although ethernet from federal government customers dropped 14%, year over year, it was up 39% from the prior quarter.
CEO Michael Klayko called the quarter’s results “outstanding” and said sales were boosted by shipments of 16 gigabit-per-second fibre channel equipment.
According to a deck of slides on the company’s investor relations Web site, for the current quarter, the company sees revenue in a range of $530 million to $550 million, and non-GAAP EPS of 12 cents to 14 cents. Analysts on average were modeling $535 million and 11 cents.
Brocade’s conference call with analysts will begin at 5:30 pm, Eastern time, and you can catch it here.
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