Brocade has increased customer engagements with more than 30 top-tier customers across the globe. Gaining traction with customers The company already sees an improvement in customer engagement. Looking ahead, Brocade expects its network functions virtualization and software-defined networking, or SDN, technologies to create opportunities in the networking industry. As a result, Brocade decided to shift a larger portion of its ADX product development resources through its virtual solution, boosting its software networking offerings in the process. The company is witnessing significantly higher growth rates in the software-based application delivery controller market. Brocade has also implemented a virtual load-balancer through its Vyatta NFV platform to improve the customer experience. It also deployed OpenFlow 1.3 support across its entire IT portfolio, along with multi-tenancy and 100-gigabit connectivity on its Ethernet fabric products. The networking major recently announced its first 10-gigabit virtual router for carrier-class networks. New products to drive growth Product innovation will help Brocade tap the cloud and data center markets efficiently. It has also boosted its gross margin and operating margin expectations for the next two years. The company has met more than half of its annual operating cash flow target for the fiscal year in the second quarter itself. It is capitalizing on data center growth in the emerging markets by managing its expenses and investing in Asia-Pacific, Eastern Europe, and Latin America.īrocade's moves are already yielding results. Looking ahead, Brocade will invest in software networking and fabric-based technology.
Impressive progress The company has witnessed year-over-year growth in the data center business through the first six months of this fiscal year by focusing on its Ethernet switch strategy.
Let's take a closer look at Brocade's moves and see why it is on track to deliver solid long-term growth. It aims to become the network provider of choice for data centers across the world, and is progressing well on this goal.īrocade recently entered into a partnership with equipment provider Ciena ( NYSE:CIEN) to boost its prospects, while the company's investments in other areas will continue driving its performance. The company has been delivering solid results, beating earnings estimates in each of the last four quarters. The growing deployment of data centers and networked storage has helped Brocade Communications ( NASDAQ:BRCD) beat the market handsomely in the last year, clocking gains of more than 40%.
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