Latest Reports From Dell'Oro Group and Crehan Research Show QLogic Gained Revenue Share in Calendar Q3 2014 Over the Previous Quarter With Increased 2014 Year-to-Date Position and Stability
ALISO VIEJO, Calif., Nov. 6, 2014 (GLOBE NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leading supplier of high performance network infrastructure solutions, today announced that the company gained share in the Fibre Channel adapter market in the third quarter of calendar year 2014, as confirmed by recent reports from the Dell'Oro Group1 and Crehan Research2. The research firms reported that QLogic achieved 58.9 percent or greater revenue market share for the quarter, representing a sequential gain of 2.5 percentage points and lead over its nearest competitor of approximately 20 percentage points. The analysts' data also indicates that the Fibre Channel market continues to exhibit increased stability over the more recent quarters, indicative of the value that SANs provide.
Both firms also show that a key element of the overall gain is QLogic's improved share in the 16Gb Gen 5 Fibre Channel market, achieving 55.9 percent or greater 16Gb revenue market share for the quarter. QLogic will continue its product and technology leadership in Gen 5 and 32Gb Gen 6 Fibre Channel to address performance, scalability, and manageability requirements in virtualized networks, hyper-scale environments, SSD storage platforms and new SAN architectures. The quarterly Fibre Channel market share gains further increase QLogic's year-to-date lead through the first nine months of 2014, putting the company solidly on track for the 11th consecutive year of share leadership.
"We continue to find innovative ways to differentiate our product offerings and gain share in the Fibre Channel adapter market," said Vikram Karvat, vice president of products, marketing and planning, QLogic. "Last month we announced several new end-to-end features for our 16Gb Gen 5 Fibre Channel adapters made possible by the QLogic / Brocade technology alliance. With these features data center managers can reduce operating expenses, simplify deployment and management, and increase performance of their SAN infrastructure. This recent market share data validates what we see first-hand in the marketplace: QLogic continues to be the preferred brand for Fibre Channel adapters in business and mission critical applications."
The most advanced networks demand sophisticated capabilities, and for 20 years QLogic has consistently delivered performance, innovation, flexibility, reliability and control for these environments. Breakthrough application performance gives customers faster time-to-data. Innovation delivers new capabilities, greater efficiency and maximum performance. Unprecedented flexibility connects mission-critical applications to any storage network, and robust infrastructure management capabilities put network controls in the hands of customers.
1Dell'Oro Group Q3 2014 SAN Report
2Crehan Research Q3 2014 Quarterly Market Share Report
Follow QLogic @ twitter.com/qlogic
QLogic – the Ultimate in Performance
QLogic (Nasdaq:QLGC) is a global leader and technology innovator in high performance server and storage networking connectivity products. Leading OEMs and channel partners worldwide rely on QLogic for their server and storage networking solutions. For more information, visit www.qlogic.com.
Disclaimer – Forward-Looking Statements
This press release contains statements relating to future results of the company (including certain beliefs and projections regarding business and market trends) that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied in the forward-looking statements. The company advises readers that these potential risks and uncertainties include, but are not limited to: potential fluctuations in operating results; gross margins that may vary over time; unfavorable economic conditions; the stock price of the company may be volatile; the company's dependence on the networking markets served; the ability to maintain and gain market or industry acceptance of the company's products; the company's dependence on a small number of customers; the company's ability to compete effectively with other companies; uncertain benefits from strategic business combinations, acquisitions and divestitures; the ability to attract and retain key personnel; the complexity of the company's products; declining average unit sales prices of comparable products; the company's dependence on sole source and limited source suppliers; the company's dependence on relationships with certain third-party subcontractors and contract manufacturers; sales fluctuations arising from customer transitions to new products; seasonal fluctuations and uneven sales patterns in orders from customers; changes in the company's tax provisions or adverse outcomes resulting from examination of its income tax returns; international economic, currency, regulatory, political and other risks; facilities of the company and its suppliers and customers are located in areas subject to natural disasters; the ability to protect proprietary rights; the ability to satisfactorily resolve any infringement claims; a reduction in sales efforts by current distributors; declines in the market value of the company's marketable securities; changes in and compliance with regulations; difficulties in transitioning to smaller geometry process technologies; the use of "open source" software in the company's products; system security risks, data protection breaches and cyber-attacks; and the company's ability to borrow under its credit agreement is subject to certain covenants.
More detailed information on these and additional factors that could affect the company's operating and financial results are described in the company's Forms 10-K, 10-Q and other reports filed, or to be filed, with the Securities and Exchange Commission. The company urges all interested parties to read these reports to gain a better understanding of the business and other risks that the company faces. The forward-looking statements contained in this press release are made only as of the date hereof, and the company does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.
QLogic and the QLogic logo are registered trademarks of QLogic Corporation. Other trademarks and registered trademarks are the property of the companies with which they are associated.
CONTACT: Media Contact: