Brocade's sales growth outpaced by costs, ahead of Broadcom buyout

Ahead of its acquisition by Broadcom, Brocade has turned in another quarter of growing revenue but slumping net income. Revenue for the quarter was up 12 per cent year-on-year to US$675 million, and the company's full year 2016 result at $2.35 billion was 4 per cent better than 2015. Fourth quarter profit was $66 million ( …