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COPYRIGHT 2005 Asia Pulse Pty Ltd
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BROOMFIELD, Colo.--(BUSINESS WIRE)--Feb. 24, 2005--McDATA Corporation (Nasdaq: MCDTA)(Nasdaq:MCDT) today reported results for the fourth quarter (Q4 04) and fiscal year 2004 (FY 04) ended January 31, 2005. Net revenues for Q4 04 totaled $105.8 million, up seven percent from the third quarter fiscal year 2004 (Q3 04) and down seven percent from the fourth quarter fiscal year 2003 (Q4 03). Net revenues for FY 04 were $399.8 million, a decrease of five percent from $418.9 million reported in fiscal year 2003 (FY 03).
"McDATA's fourth quarter results demonstrated solid sequential growth with reported revenue and non-GAAP earnings per share at the high-end of guidance," said John Kelley, chairman, president and chief executive officer, McDATA. "Our Global Enterprise Data Center (GEDC) initiative continues to resonate strongly with partners and customers, and during our fourth quarter we significantly accelerated this strategy with the announcement of our intent to acquire CNT, the availability of the Intrepid 10000 Backbone Director through Hitachi Data Systems, and the general availability and first customer sales of our third generation router, the Eclipse 2640 SAN Router."
GAAP net income for Q4 04 was breakeven, or $(0.0) per share, compared to a GAAP...
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