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Brocade Reports 2Q13 Revenues of $539 Million

Brocade reported its second quarter fiscal 2013 earnings last week, with revenue coming in at $539 million, down marginally from the $543 million reported in 2012. Net income grew to $47 million, up from the $39 million reported for the second quarter of 2012. Moving forward, Brocade provided third quarter guidance for total revenues between $510 million and $530 million.

Q2 results were a mixed bag for Brocade, with slowing Storage Area Networking (SAN) revenues and growing IP Networking revenues. Brocade reported Q2 SAN at $319 million, a 7 percent year-over-year decline.

"We were disappointed in our SAN sales in the second quarter due to short-term slowing in the storage market and execution challenges at certain of our large OEM partners," Carney said during his company's earnings call.

Read the full story at Enterprise Networking Planet:
Brocade CEO Focuses on Growth Areas for 2013

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.