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More on Brocade Communications (BRCD): FQ1 beats on all counts as total sales increase 5% Y/Y....
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Thursday, February 14, 5:10 PM ETMore on Brocade Communications (BRCD): FQ1 beats on all counts as total sales increase 5% Y/Y. Net earnings swung to a loss however, as the manufacturer of data and storage-networking products was hit by a tax charge, though profits improved as storage-business revenue grew 3%, while IP-networking rose by 11%. Gross margin also widened to 63.5% from 61.5%. For the current quarter FQ2 projections bracket Street expectations. Shares -1.5% AH.
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