Brocade outperforms, issues strong forecast

05/21/2009 | Reuters

Network-equipment maker Brocade Communications reported revenue 42% higher than a year earlier and more than $30 million above Wall Street forecasts for the second quarter as the company predicted annual sales will outpace earlier guidance. Brocade, which competes with Cisco Systems, said its "rapid integration" of Foundry Networks had helped the vendor gain market share.

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