Brocade has managed to beat the expectations of Wall Streetwith its revenue numbers for its second quarter claiming that its acquisition ofFoundry is already paying off providing it with greater market share.
For the three months that ended 2 May the vendor reportedrevenues of $506.3m up from $354.9m from a year before and a GAAP net loss of$63.1m, which was a reversal on the profits of $91.4m enjoyed in the samequarter in 2008.
Brocade closed the Foundry deal in January promoting its EMEAhead of partner sales Barbara Spicek to the role of vide president of worldwidechannels to integrate the vendor’s channels.
The percentage of sales coming through the channel increasedyear on year rising from 14% to 38%.
In a list of quarterly highlights, which included productdeals with IBM and HP, the CEO picked up on the impact that the Foundrypurchase had already garnered in terms of market share.
“We are executing well to our long-termbusiness-growth strategy with the rapid integration of the Foundry business,securing new routes-to-market for our IP networking portfolio, and leveragingour OEM and channel partner relationships to expand our footprint in theindustry,” said Michael Klayko, CEO of Brocade in a statement.