Emulex boasts of Q2 results

Emulex Corp., a maker of converged network and host bus adaptors, said it ended 2009 with sales that beat expectations. The Costa Mesa, Calif., company said in a news release that preliminary figures for its second quarter ending Dec. 27 showed net revenues were just under US$108 million, which beat its high guidance of US$92 million. The publicly-traded company did not release detailed net income for the quarter — these will be out Jan. 21 — but said GAAP-diluted earnings per share were positive. Net revenues from host server products increased 28 percent sequentially, representing approximately 75 per cent of net revenues, while Fibre Channel over Ethernet Converged Network Adapter (FCoE CNA) net revenues grew over 50 per cent sequentially and embedded storage products (ESP) net revenues increased over 20 per cent sequentially, representing approximately 25 per cent of net revenues. Many of the company's products are sold through or available with equipment from companies such as IBM Corp., Sun Microsystems, Hewlett-Packard Co. and Dell Inc.
“We executed very well to deliver the December quarter results, which were driven by broad customer demand across both our HSP and ESP product lines,” said company CEO Jim McCluney in a news release. “I’m particularly pleased with the tangible benefits we are now seeing from our sales and marketing efforts over the past year to gain market share in Fibre Channel board level products, and this momentum has continued into the new year.”
“With an expanding portfolio of UCNA and embedded product design wins ramping in the first half of the year, combined with an improving IT spending environment, we are exceptionally well positioned to deliver meaningful revenue growth in 2010.”

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Jim Love, Chief Content Officer, IT World Canada
Howard Solomon
Howard Solomon
Currently a freelance writer, I'm the former editor of ITWorldCanada.com and Computing Canada. An IT journalist since 1997, I've written for several of ITWC's sister publications including ITBusiness.ca and Computer Dealer News. Before that I was a staff reporter at the Calgary Herald and the Brampton (Ont.) Daily Times. I can be reached at hsolomon [@] soloreporter.com

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