Brocade Reports Q1 Beat, Guidance Concerns
February 13, 2014 at 17:14 PM EST
Brocade Communications Systems, Inc. (NASDAQ: BRCD ) announced results for the first fiscal quarter ending January 25, 2014 after the markets closed. First quarter revenue was down 4% year-over-year at $565 million. Revenue was up 1% quarter-over-quarter. GAAP diluted earnings per share were reported at $0.18 compared