Brocade reported quarterly revenue down 4% year-over-year, to $523 million, reflecting declines in both its IP networking business and the traditional storage networking lines that make up the bulk of its sales.Results were down 9% sequentially, with non-GAAP diluted earnings per share of $0.22, flat year-over-year and down from $0.29 sequentially.IP networking product revenue was $132 million, down 9% year-over-year, below outlook range, primarily due to lower router sales, down 33%, partly offset by stronger Ethernet sales, up 9% year-over-year. Reduced service provider and US federal sales drove the decline. Sequentially, IP Networking product revenue decreased 2% primarily due to lower Ethernet switch sales. That sequential revenue decline was primarily due to lower sales to enterprise customers as both the service providers and US federal revenue grew sequentially.
