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It made an operating loss of $61.92m compared to a loss of $111.2m in the same period last year. The diluted net loss per share was $0.16 compared to diluted EPS of $0.23 a year ago. Total installed base of SAN ports was approximately 21.8 million.
The company said product revenue grew 41% to $418.03, while services revenue grew 49% to $88.26m. OEM revenue accounted for 62% of total revenue, compared to 86% in the year-ago quarter, while channel or direct revenue accounted for 38% of the total, compared to 14% in the same period last year. Domestic revenue accounted for 69%, while international revenue accounted for 31%, compared to 62% and 38%, respectively, in the year-ago quarter.
For the first half the company reported a net loss of $89.14m compared to net income of $111.22m a year ago, on revenue up 33% at $937.89m.
Michael Klayko, chief executive at Brocade, said: "Brocade had another outstanding quarter where we achieved record revenues driven by strong customer demand for our end-to-end networking solutions. We are executing well to our long-term business-growth strategy with the rapid integration of the Foundry business, securing new routes-to-market for our IP networking portfolio, and leveraging our OEM and channel partner relationships to expand our footprint in the industry."
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