Latest Reports from Dell'Oro Group and Crehan Research Confirm QLogic Achieved Sequential Quarter-Over-Quarter and Year-Over-Year Gains in 10GbE Adapter and Controller Revenue Share
ALISO VIEJO, Calif., March 3, 2015 (GLOBE NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leading supplier of high performance network infrastructure solutions, today announced that the company gained significant revenue share in the non-captive 10Gb Ethernet (10GbE) adapter and controller market in the fourth quarter of calendar year 2014 and the full calendar year, as confirmed by recent reports from the Dell'Oro Group1 and Crehan Research2. On a sequential quarter-over-quarter basis, QLogic gained 2.3 percentage points in calendar Q4 2014 to achieve nearly 18 percent revenue share, according to Dell'Oro Group. Similar quarter-over-quarter share gains were corroborated by the Crehan Research report, which indicated QLogic gained 2.5 percentage points in calendar Q4 2014 to achieve 16.5 percent revenue share.
"QLogic has executed extremely well in delivering a much more robust portfolio of 10GbE solutions to the marketplace," said Vikram Karvat, vice president of products, marketing and planning, QLogic. "These products have been widely adopted by the industry's tier-one server OEMs and we've recently been able to amplify that success by making our 3400 Series and 8400 Series solutions broadly available through our extensive network of channel partners. As demand for 10GbE adapter solutions continues to grow, QLogic is committed to delivering products that provide exceptional value and superior performance to our channel partners and OEMs."
QLogic 10Gb Ethernet: Performance with Flexibility
By delivering wire-speed 10GbE performance with low CPU utilization, QLogic 10GbE adapters excel in modern computing environments. Featuring multiple protocol offload and concurrent LAN (TCP/IP) and SAN (FCoE, iSCSI) protocol processing over a shared 10GbE link, QLogic 10GbE adapters offer maximum flexibility. Ultra-low CPU utilization frees up server cycles for business-critical applications and the increased mobility of VMs.
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 Q4 2014 Ethernet Market Share Report
2Crehan Research Q4 2014 Quarterly Market Share Report
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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.
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