Emulex Corporation announced the appointment of Todd Palmer as head of worldwide sales for the Company's Endace division. Palmer brings more than a decade of experience from NetApp and Computer Associates (CA) in building and executing multi-channel go-to-market strategies to grow market share, achieve profit goals and accelerate growth. Palmer is responsible for driving worldwide sales of the Endace division and will have a particular focus on growing channel go-to-market strength, through channel expansion initiatives and new incentive programs. Most recently, Palmer served as the vice president of channel sales at NetApp, focused on channel enablement and initiatives to drive profitable growth for NetApp and their partners.

Emulex Corporation announced that it has certified the Cisco MDS 9710 Multilayer Director for use with the Emulex LightPulse(R) 16Gb Fibre Channel (16GFC) Host Bus Adapters (HBAs). Emulex 16GFC HBAs, when combined with Cisco storage solutions, provide customers with a Storage Area Network (SAN) solution that includes advanced management, improved SAN efficiency and simplified data protection. The Cisco MDS Multilayer 9710 Director delivers 24 Tbps of total switching capacity and 1.536 Tbps per slot capacity for Fibre Channel, with a fault-tolerant architectural design, and optimal flexibility and investment protection. The Emulex LPe16000 16GFC HBA is ideal for the toughest virtualized, cloud and mission-critical deployments utilizing Cisco MDS storage directors. Emulex LightPulse 16GFC HBAs feature the Emulex bullet-proof driver-stack, backward compatibility to 4GFC and 8GFC HBAs and rock-solid reliability with a heritage that spans back to the first generation of Fibre Channel to the present's 16GFC HBAs.

Emulex Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company's net revenues were $116.8 million compared with $125.7 million a year ago. Operating loss was $3.6 million compared with operating income of $8.1 million a year ago. Loss before income taxes was $8.1 million compared with income before income taxes of $7.8 million a year ago. Net loss was $6.97 million or $0.08 per basic and diluted share compared with net income of $8.7 million or $0.10 per basic and diluted share a year ago. Non-GAAP operating income was $14.8 million compared with $21.4 million a year ago. Non-GAAP net income was $18.2 million or $0.20 per basic and diluted share compared with $18.5 million or $0.21 per basic and diluted share a year ago. For the nine months, the company's net revenues were $358.2 million compared with $372.8 million a year ago. Operating income was $7.5 million compared with operating income of $13.9 million a year ago. Income before income taxes was $2.6 million compared with income before income taxes of $14.2 million a year ago. Net loss was $0.73 million or $0.01 per basic and diluted share compared with net income of $16.5 million or $0.19 per basic and diluted share a year ago. Net cash used in operating activities was $7.4 million compared with net cash provided by operating activities of $48.9 million a year ago. Investment in property and equipment, net was $10.3 million compared with $10.7 million a year ago. Non-GAAP operating income was $55.5 million compared with $58.4 million a year ago. Non-GAAP net income was $52.93 million or $0.58 per basic and diluted share compared with $52.96 million or $0.60 per basic and diluted share a year ago. For the fourth quarter ending June 30, 2013, the company is forecasting total net revenues in the range of $118 million - $122 million. The company expects non-GAAP earnings per diluted share of $0.11 - $0.13 and GAAP loss per share guidance of $0.12 - $0.14 in the fourth quarter. Looking forward to fiscal 2014, the company anticipates that gross margins in the core business will trend down 1% to 2% per year as the company reenters the U.S. Ethernet market with its redesigned products. However, as previously mentioned, deferred services Revenues were written down as part of the acquisition for its NVP business, and historically, these deferred revenues have higher gross margins. So as the company rebuild this annuity revenue stream through these bookings, NVP gross margins will increase. The company expects this will offset its gross margin erosion by at least 1% in fiscal 2014.