Brocade Reports 2Q13 Revenues of $539 Million
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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.
"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.