Brocade Communications Q2 Profit Rises - Quick Facts

(RTTNews) - Brocade Communications Systems, Inc. (BRCD) Tuesday reported third-quarter profit of $119 million or $0.26 per share, up from $43 million or $0.09 per share in the same period last year.

Adjusted earnings for the quarter was $87 million or $0.19 per share. On average,

Revenues dropped to $537 million from $555 million last year. Cost of revenues totaled $198.35 million, down from $214.85 million last year. Operating expenses decreased to $263.84 million from $270.26 million last year.

Gross margins improved to 63.0 percent from 61.3 percent last year.