CEO: Lloyd Carney
Networking technology vendor Brocade had the biggest third-quarter gain in its stock price amongst all the IT vendors followed by CRN. That comes on top of an 8.1 percent gain in the first half the 2013.
Brocade has been focusing its efforts on data center virtualization and software-defined networking. In September, the company said it would cut about 300 jobs from its 4,480 workforce as it realigned resources with those initiatives.
For its third fiscal quarter ended July 27, Brocade reported a 3 percent drop in revenue to $537 million.