Brocade Communications Systems, Inc. (NASDAQ:BRCD)
About Brocade Communications Systems, Inc. (NASDAQ:BRCD) Brocade Communications Systems, Inc. (Brocade), incorporated on August 24, 1995, is a supplier of networking equipment, including endtoend Internet Protocol (IP)based Ethernet networking solutions and storage area networking solutions for businesses and organizations of all types and sizes, including global enterprises, and service providers, such as telecommunication firms, cable operators and mobile carriers. Brocade offers a range of networking hardware and software products and services.
Financials: The pie chart reveals the graphical presentation of quarterly revenue of Brocade Communications over the one year period. After looking at chart it is apparent that revenue has increased in the last quarter ended as on October 30, 2010. The Brocade Communications revenue showed consistent trend throughout the year. It started with higher revenue and closed at highest as on October 30, 2010. Largest revenue for Brocade Communications was in last quarter that was higher by 6 percent as contrasted to third quarter’s closing. From there on it started increasing and increased by 6 percent in last quarter of the year. The revenue in July 31, 2010 was $503.51 million which is 0.03 percent greater than last quarter’s revenue.
The Brocade Communications engendered net income of $23.42 million in current quarter which is slightly greater than last quarter’s closing of $21.96 million. Moreover, net income is greater and it produced better result as compared to last quarter’s ending. The company’s cash flow from operations (CFO) has increased up to $298.51 million from last quarter’s ending cash flow of $192.09 million. This shows that the company is producing more cash than its expenses through its core business units which is a good sign for the investors. Total assets of company mount up to $3.65 billion as of October 30, 2010 that is 0.11% than last quarter’s ending and it has also managed to maintain the current ratio. The company’s total equity is gradually decreasing which depicts that company is going to have more funding liquidity problems and fewer funds would be available to invest in future profitable opportunities.
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