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What: Shares of networking equipment maker QLogic
So what: QLogic scored $152.7 million in sales, which turned into a profit of $0.36 per share. Both results came in better than expected, with the market looking for $150.3 million in revenue and a $0.34 per share profit.
Now what: Revenue ticked down slightly compared to last year, while the bottom line shrank by 32%. CEO Simon Biddiscombe was still "very pleased" overall, particularly with QLogic's "host products" segment. The company has just entered into a definitive agreement to sell the assets associated with its Infiniband business, which will let it focus on its core businesses and growth opportunities within data centers.
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