Brocade Communications Systems Inc Earnings Climb 24% In Q4

(RTTNews) - Brocade Communications Systems Inc (BRCD) announced a profit for its fourth quarter that gained ground compared to the same period last year.

The company said its bottom line climbed to $133.62 million, or $0.33 per share. This was higher than $107.96 million, or $0.26 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.6% to $657.30 million. This was up from $588.83 million last year.

Brocade Communications Systems Inc earnings at a glance:

-Earnings (Q4): $133.62 Mln. vs. $107.96 Mln. last year. -Earnings Growth (Y-o-Y): 23.8% -EPS (Q4): $0.33 vs. $0.26 last year. -EPS Growth (Y-o-Y): 26.9% -Analysts Estimate: $0.22 -Revenue (Q4): $657.30 Mln vs. $588.83 Mln last year. -Revenue Change (Y-o-Y): 11.6%