Friday, January 22, 2010

Emulex Sees Better Than Expected Q2

Costa Mesa-based Emulex reported Thursday afternoon that it had better than expected results for its Q2 fiscal quarter, with revenues of $108.3M. The firm reported results well above its initial guidance of $88-$92M in revenues for the quarter, which ended December 27th, and at the high end of earlier revised estimates of $107-$108M in revenues. The results were up 27% quarter-to-quarter, but revenues were flat from the similar quarter last year. The firm reported revenue gains in all of its product segments, with the biggest percentage gain in its Fibre Channel over Ethernet network adapters. Emulex is a manufacturer of storage networking hardware and equipment, used for the data storage and networking markets.