Brocade posts a loss after taking $81m kick in the profits

Post by Chris Mellor (thank you) over at El Reg

After four quarters of profits Brocade has posted a $14m loss, due to a costly goodwill write-off as it exits a hardware business.

Revenues for the quarter were $537m, down five per cent from the prior quarter’s $565m and the year-ago quarter’s $539m (down one per cent).

Three months ago it made a profit of $81m; this time it earned a million less compared to the year-ago quarter but posted a $14m loss. This was due to a planned exit from the ADX hardware product area.
Read on here
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