Brocade Fiscal Q2 Revenue Misses, Hikes Dividend
Brocade (BRCD) reported fiscal Q2 revenue that fell short of expectations and forecast current-quarter sales below views, but a dividend hike eased shareholder worries over its product demand. Brocade late Thursday announced a 29% hike in its quarterly dividend to 4.5 cents per share. Brocade sells data storage networking products used in corporate data centers. Brocade said earnings rose 16% to 22 cents per share for its fiscal Q2 ended May 2,