Although IP Networking product revenue was up slightly from Q2, it was short of our expectations for the quarter. Most of th150-130 free exam e shortfall was in federal sales, as certain deals did not close as a result of the challenging federal budget environment. On the positive side, Brocade VDX switch revenue grew nicely in the quarter, and we continue to be on track to reach our goal of an annualized run rate of $100 million in Q4 13.
Mid-Day Market Update: Brocade Surges On Upbeat Results, Cree Shares Fall,Midway through trading Wednesday, the Dow traded d150-130 free exam own 0.49 percent to 15,374.75 while the NASDAQ declined 0.24 percent to 3,675.46. The S&P also fell, dropping 0.32 percent to 1,688.69.
Deere & Co (NYSE: DE [FREE Stock Tr150-130 free exam end Analysis]) reported a rise in its third-quarter profit. Deeres quarterly profit surged to $997 million, or $2.56 per share, from $788 million, or $1.98 per share, in the year-ago period. Its revenue surged to $10.0 billion from $9.6 billion. However, analysts were estimating earnings of $2.17 per share on revenue of $9.18 billion. Deere also lifted its full-year profit forecast to $3.45 billion.
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