Brocade® (NASDAQ: BRCD) today reported financial results for its third fiscal quarter ended July 27, 2013. Brocade reported third quarter revenue of $536.6 million, down 3% year-over-year and down slightly quarter-over-quarter. The company reported GAAP diluted earnings per share (EPS) of $0.26, which includes the A10 Networks litigation settlement, up from $0.09 per diluted share in Q3 2012. Non-GAAP diluted EPS was $0.19, up from $0.14 per diluted share in Q3 2012.
"In Q3, Brocade exceeded our guidance for revenue, non-GAAP operating margin, non-GAAP EPS, and cash flow," said Lloyd Carney, CEO of Brocade. "The storage market is recovering more
"In Q3, Brocade exceeded our guidance for revenue, non-GAAP operating margin, non-GAAP EPS, and cash flow," said Lloyd Carney, CEO of Brocade. "The storage market is recovering more
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