Brocade reports 33 per cent annual revenue growth
24 Nov 2009
Brocade, a developer of networking solutions which allow data-intensive firms to achieve optimum information connectivity, has reported a 33 per cent growth in its annual revenue. As of October 31st - the end of Brocade's financial year - the company had achieved income of $1.95 billion (£1.17 billion).
The financial report also showed the quarterly revenue for the three months to the end of October increased by 31 per cent to £315 million. Brocade believes that 2009 was a "transitional" year as it became one of only two Ethernet networking suppliers and developers in the industry.
"Brocade delivered exceptionally strong year-over-year revenue growth and increased its account penetration in the Ethernet networking market while growing share in the storage networking market," said the firm's chief executive officer Michael Klayko.
Last month the London Internet Exchange chose Brocade to supply the technology for its updated database because it believes the company offers "the only solution available on the market" capable of providing a high capacity port density.
For further information on Brocade, please click here.
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