Emulex Lifts Q1 Revenue Outlook - Quick Facts

(RTTNews) - Emulex Corp. (ELX) said that it raised its revenue expectations for the first quarter of fiscal 2015 ending September 28, 2014 to a range of $102 million - $104 million from the previous estimate of $93 million - $99 million. Analysts polled by Thomson Reuters expect the company to report revenues of $96.40 million for the first-quarter. Analysts' estimates typically exclude special items.

"I am pleased with our execution in the first quarter of 2015, evidenced by solid performance across multiple product lines including Fibre Channel and Ethernet......While we continue to manage through some transitions in our business, we are well positioned with both a new general manager of Network Visibility Products in place and a broad set of I/O qualifications completed on next generation 'Grantley-based' servers at the world's top OEMs," said Jeff Benck, president and CEO, Emulex.

The company said it looks forward to expanding its 10Gb Ethernet position as these new platforms ramp over the coming year.