After clocking $578 million Q4 revenue, Brocade CEO sees continued growth in fiscal 2013

Telecom Lead Asia: Michael Klayko, CEO of Brocade, said the networking company is well-positioned for continued growth in fiscal 2013.

Brocade clocked fourth quarter revenue of $578 million, up 5 percent year-over-year and 4 percent q-o-q.

Michael Klayko, CEO of Brocade

Revenue for fiscal year 2012 was $2,238 million, up 4 percent year-over-year.

“Q4 was an excellent quarter for Brocade and a strong ending for fiscal year 2012 during which we established a number of company records including revenue, net income, and operating cash flow,” said Michael Klayko, CEO of Brocade.

Brocade claims that it is driving industry transformation in emerging areas of growth including virtualized data centers, cloud computing, and software-defined networking.

In Q4 2012, Storage Area Networking (SAN) business revenue, including products and services, was $394 million, up 9 percent year-over-year.

Brocade’s SAN product revenue increased 12 percent year-over-year. Brocade’s 16 Gbps Fibre Channel products represented nearly 35 percent of director and switch revenue in the quarter. Fiscal 2012 SAN business revenue was $1,578 million, up 7 percent year-over-year.

In Q4 2012, IP Networking business revenue, including products and services, was $184 million, down 3 percent year-over-year.

Ethernet switch revenue was up 5 percent year-over-year, while routing revenue was down 10 percent year-over-year.

Federal and Service Provider revenues were both up sequentially, while Enterprise revenue was lower. Fiscal 2012 IP Networking business revenue was $659 million, down slightly year-over-year.

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