Despite 2010 Revenue Slip, QLogic Remains a Market Leader
With the second quarter of 2011 fast approaching, cloud companies are now starting to unveil their 2010 fourth quarter and fiscal year earnings. QLogic is one of them. The leading supplier of high performance network infrastructure solutions ticked the scale with total annual net revenue of $549.1 million. A slight dip from previous year’s $633.9 million, QLogic still is the undisputed leader in the industry. Fibre Channel adapters, Fibre Channel over Ethernet or FCoE converged networking adapters and 10Gb Ethernet adapters are the three big chunks are responsible for increase market share of QLogic, despite overall loss.
QLogic’s VP of Marketing for Host Solutions Group, Amit Vashi identified key drivers in the organizations financial success in 2010. He said, “QLogic achieved its goal of gaining revenue market share in Fibre Channel, FCoE, and 10Gb Ethernet adapters in calendar 2010, according to both Dell’Oro Group and Crehan Research. Our leading market position is a result of leadership in engineering, performance, time-to-market and customer satisfaction. We expect these traits to continue to serve us well as we execute on customer demands and requirements in calendar 2011.”
The company ended the year quite strong as they posted net revenue amounting to $145.7 million, which is considerably higher than its $108.8 million in earnings from 2009. QLogic streamed through an immensely challenging macroeconomic environment in 2010. While overall financial performance fell slightly, the company rebounded in the third and fourth quarter. In fact, it has exceeded expectations for Q3 with 76% revenue growth.
QLogic has been very visible lately, especially with their extended product availability to more partners, digging deeper into the cloud. They released a product line to answer progressive accumulation of complex requirements of virtualized data centers, cloud service providers and the converged enterprise. Earlier this month, it also announced availability of network adapters in HP towers servers.
Before the first quarter of 2011 bids farewell, other companies have been publicizing their fiscal revenue for the year just passed. Hewlett-Packard, under Apothaker’s roof, posted around 6% growth, garnering a total of $32.95 billion in earnings. Juniper Networks has also released their amazing revenue feat for 2010, where they posted a sum $4.093 billion profits.
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