BROOMFIELD, Colo., Jan 6, 2003 /PRNewswire-FirstCall via COMTEX/ -- McDATA(R) Corporation (Nasdaq: MCDTA, MCDT), the worldwide leader in open, ultra high-availability storage networking solutions, today revised upward its fourth-quarter preliminary revenue and earnings per share (EPS) guidance. McDATA currently expects revenue to be in the range of $104 to $106 million in the fourth quarter, compared with previous guidance of $84 to $86 million, and 2001 fourth-quarter revenue performance of $93.5 million. As a result of the higher-than-expected revenue, the company now expects improved pro forma EPS for the fourth quarter in the range of $0.06 to $0.08, excluding non-cash deferred compensation and amortization charges. This compares with previous guidance of breakeven to $0.01, and pro forma 2001 fourth-quarter results of $0.03. Also, the company now expects to be profitable on a pro forma basis for the full year 2002. On a reported, or GAAP basis, EPS are expected to be in a range of $0.05 to $0.07 for the fourth quarter, compared to reported EPS of $(0.05) in the 2001 fourth quarter.
McDATA (Nasdaq: MCDTA, MCDT) is the worldwide leader in open, ultra-high availability storage networking solutions and provides highly available, scalable and centrally managed storage area networks (SANs) that address enterprise-wide storage problems. McDATA's core-to-edge enterprise SAN solutions improve the reliability and availability of data to simplify SAN management and reduce the total cost of ownership.
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