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Brocade Communications GmbH Parkring 17 85748 Garching bei München, Germany http://www.brocade.com
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Brocade Communications GmbH

Brocade Reports Third Quarter Fiscal 2003 Financial Results

Storage Networking Leader Increases Revenue, Net Income, and EPS On a Sequential Basis

(PresseBox) (SAN JOSE, Calif.,, )
Brocade Communications Systems, Inc. (Brocade(R)) (Nasdaq: BRCD) reported today financial results for its third quarter of fiscal year 2003 (Q3 03), which ended July 26, 2003. Net revenue for Q3 03 was $133.5 million, an increase from the $130.9 million reported in the second quarter of fiscal year 2003 (Q2 03). Net revenue reported in the third quarter of fiscal year 2002 (Q3 02) was $151.2 million.

Non-GAAP net income for Q3 03 was $2.0 million, or $0.01 per share, as compared to a non-GAAP net loss of $1.0 million or $0.00 per share in Q2 03. Non-GAAP net
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