Brocade published financial results for its first quarter after the bell on Thursday.
The networking solutions provider reported a net income of $87 million, or 20 cents per share (statement).
Non-GAAP earnings were 27 cents per share on a revenue of $576 million, up two percent year-over-year as well as quarter-over-quarter.
Wall Street was looking for earnings of at least 24 cents per share with $569.75 million in revenue.
Brocade CEO Lloyd Carney highlighted double-digit revenue growth for the IP networking group in prepared remarks.
That department produced $133 million in revenue last quarter, up 11 percent year-over-year but down 13 percent sequentially.
"With a strong focus on the data center, we continue to invest strategically in disruptive technologies to build a portfolio of solutions that capitalize on the opportunities afforded to first-movers in the New IP era," wrote Carney.
SAN product unit revenue rang up to $353 million, flat year-over-year and up nine percent sequentially.
For the current quarter, analysts expect Brocade to deliver earnings of 21 cents per share with $548.14 million in revenue.