The company has not filed an annual or quarterly report since its Q3 FY2017 10-Q, filed Sep 1, 2017. Its latest SEC filing is a 4/A from Nov 30, 2017.
10-Q for Q3 FY2017, filed Sep 1, 2017
The sections below describe the company as of the FY2016 annual report.
Sells storage and IP networking equipment, software, and support services to enterprises, service providers, and government and educational organizations.
10-K for FY2016, filed Dec 16, 2016Brocade Communications Systems, Inc. (“Brocade” or the “Company”) is a leading supplier of networking hardware, software, and services…View ↗
Brocade is focused on helping enterprises, service providers, and a wide range of government and educational organizations fundamentally…View ↗
We are a leading supplier of networking hardware, software, and services for businesses and organizations of various types and sizes. Our…View ↗
Brocade sells networking equipment to OEMs, direct customers and distributors; product sales are counted when delivered, and distributor sales have been counted when shipped to the distributor since FY2016's fourth quarter. Support brings fees over the contract term, while consulting is billed hourly or at a fixed fee as services are performed.
10-K for FY2016, filed Dec 16, 2016Revenue RecognitionView ↗
Distributors are granted rights of stock rotation which are limited to a contractually specified percentage of the distributor’s aggregate…View ↗
The Company initiated a project to enhance the capture of distributor point of sale (“POS”) data in fiscal year 2014. This project resulted…View ↗
Services revenue. Services revenue consists of professional services and maintenance arrangements, including PCS, software as a service…View ↗
Professional services are offered under hourly or fixed fee-based contracts. Professional services revenue is typically recognized as…View ↗
$2.3B
10-K for FY2016, filed Dec 16, 2016
$2.3B ↗| Segment | Share | Revenue |
|---|---|---|
|
SAN Products
|
52%
FY2013: 59%
|
SAN Products, FY2016
$1.2B Sources
|
|
IP Networking Products
|
31%
FY2013: 25%
|
IP Networking Products, FY2016
$730.4M Sources
|
|
Global Services
|
16%
FY2013: 16%
|
Global Services, FY2016
$386M Sources
|
Large computer and storage OEMs are the main route for SAN products; Brocade also sells to end users directly and through distributors, systems integrators and resellers. IP networking reaches data center, service-provider, enterprise and public-sector customers through distributors, resellers, direct sales and OEMs.
10-K for FY2016, filed Dec 16, 2016Brocade’s products and services are marketed, sold, and supported worldwide to end-user customers through distribution partners, including…View ↗
Brocade’s OEM partners are leading server, storage, and systems providers who offer Brocade’s products under their own private label or as…View ↗
For the fiscal year ended October 29, 2016, Brocade’s largest OEM customers, EMC Corporation (“EMC”), which was acquired by Dell, Inc. on…View ↗
In the IP networking market, Brocade cultivates business in a number of key customer markets such as the data center, service provider, and…View ↗
Yes. It kept 9 cents of every revenue dollar as net income in FY2016 and turned 14 cents into free cash flow.
10-K for FY2016, filed Dec 16, 2016
10-K for FY2016, filed Dec 16, 2016
$307.1MView ↗
10-K for FY2016, filed Dec 16, 2016
$213.8MView ↗
10-K for FY2016, filed Dec 16, 2016
$332.9MView ↗
10-Q for Q3 FY2017, filed Sep 1, 2017
−$19.5MView ↗
10-Q for Q3 FY2017, filed Sep 1, 2017
Open tableView ↗
8-K, filed Nov 17, 2017
Pursuant to the terms of the Merger Agreement, at the effective time of the Merger (the “Effective Time”), each share of common stock, par…View ↗
8-K, filed Oct 30, 2017
As previously reported, on October 3, 2017, Brocade Communications Systems, Inc. (the “Company” or “Brocade”) entered into an Asset…View ↗
Grew.
Revenue grew 4% in 1 year, from $2.3B in FY2015 to $2.3B in FY2016, about 4% a year.
10-K for FY2016, filed Dec 16, 2016
Added wireless networking
The older report describes IP networking through wired switches, routers and application-delivery products; the latest adds Ruckus wireless products, including access points, controllers and cloud services.
10-K for FY2013, filed Dec 16, 2013 10-K for FY2016, filed Dec 16, 2016Brocade’s IP networking products are designed to connect users over an enterprise network and within and across global data centers.…View ↗
Brocade also offers a comprehensive set of IP routing products through its MLX, MLXe, CES, CER and XMR families that are designed to handle…View ↗
IP Networking Products—Application Delivery Products (“ADP”)View ↗
Competes with Cisco, A10 Networks, Arista Networks, Avaya, Extreme Networks, F5 Networks, Huawei Technologies, Juniper Networks, Nokia, Aerohive Networks, HPE, Citrix Systems, and Nutanix
10-K for FY2016, filed Dec 16, 2016The market for networking solutions is intensely competitive. Brocade believes the competitive factors in this market include product…View ↗
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