Brocade reports fourth quarter and fiscal year 2006 results

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2006-12-01 10:17

Seoul--(뉴스와이어)--Brocade Communications Systems, Inc. (Brocade(R)) (Nasdaq: BRCD) today reported financial results for its fourth quarter of fiscal year 2006 (Q4 06), which ended October 28, 2006. Revenues for Q4 06 were a record $208.8 million. Revenues for Q4 06 increased 11% from $188.9 million reported in the third quarter of fiscal year 2006 (Q3 06) and increased 44% from $145.5 million reported in the fourth quarter of fiscal year 2005 (Q4 05). Revenues for fiscal year 2006 (FY 06) were $750.6 million, an increase of 31% from $574.1 million reported in fiscal year 2005 (FY 05).

Commenting on the Company's fourth quarter and fiscal year 2006 results, Michael Klayko, Brocade CEO, said, "Our fourth quarter was outstanding and a very strong finish to fiscal 2006. Throughout the year we have continued to execute well and I am proud of our team. Overall, we gained share across our product family and solidified our leadership position. The success in our Storage Area Network (SAN) business has helped us to drive returns this year while at the same time allowing us to invest for future growth."

Reporting on a GAAP basis, net income for Q4 06 was $20.0 million, or $0.07 per share basic and diluted. This compares to GAAP net income for Q3 06 of $24.5 million, or $0.09 per share basic and diluted, and GAAP net income for Q4 05 of $1.1 million, or $0.00 per share basic and diluted. Net income for FY 06 was $67.6 million, or $0.25 per share basic and diluted as compared to net income for FY 05 of $43.1 million, or $0.16 per share basic and diluted.

Non-GAAP net income for Q4 06 was $39.4 million or $0.15 per share basic and $0.14 per share diluted, as compared to non-GAAP net income for Q3 06 of $31.0 million, or $0.11 per share basic and diluted, and non-GAAP net income for Q4 05 of $19.0 million, or $0.07 per share basic and diluted. Non-GAAP net income for FY 06 was $122.8 million, or $0.46 per share basic and $0.45 per share diluted as compared to non-GAAP net income for FY 05 of $69.3 million, or $0.26 per share basic and diluted. Non-GAAP financial measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.

웹사이트: http://www.brocade.com