BROCADE COMMUNICATIONS SYSTEMS INC (BRCD) [Rocket]

In millions, except per share items	Jul-29-17	Apr-29-17	Jan-28-17	Oct-29-16	Jul-30-16	Apr-30-16	Jan-30-16	Oct-31-15
	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K
Total revenues [+]	2,340.8	2,382.2	2,352.8	2,345.6	2,277.1	2,238.2	2,261.5	2,263.5
Products	1,944.5	1,986.0	1,959.0	1,959.6	1,895.1	1,867.3	1,897.3	1,902.4
Services	396.3	396.3	393.7	386.0	382.1	371.0	364.2	361.1
Revenue growth	2.8%	6.4%	4.0%	3.6%	1.7%	0.3%	1.7%	2.4%
Cost of goods sold [+]	859.4	895.1	858.1	829.3	786.8	732.9	734.3	735.4
Cost of product sales	678.5	712.2	679.7	657.2	620.5	576.3	581.7	587.5
Cost of services	180.9	182.9	178.4	172.1	166.3	156.6	152.6	147.9
Gross profit	1,481.3	1,487.1	1,494.6	1,516.3	1,490.3	1,505.3	1,527.2	1,528.1
Gross margin	63.3%	62.4%	63.5%	64.6%	65.4%	67.3%	67.5%	67.5%
Selling, general and administrative [+]	803.5	823.1	791.5	752.0	725.8	690.1	682.2	672.9
Sales and marketing	678.9	693.2	669.8	641.4	625.8	602.7	596.8	585.2
General and administrative	124.6	129.9	121.7	110.6	100.0	87.5	85.4	87.6
Research and development	475.9	473.8	443.5	413.2	392.1	362.1	364.7	356.7
Other operating expenses	78.9	44.5	37.8	30.5	23.1	3.7	2.8	2.6
EBITDA [+]	284.8	306.9	365.3	444.9	452.6	539.8	565.5	580.8
EBITDA growth	-37.1%	-43.1%	-35.4%	-23.4%	-21.8%	-6.0%	0.9%	1.7%
EBITDA margin	12.2%	12.9%	15.5%	19.0%	19.9%	24.1%	25.0%	25.7%
Depreciation	132.4	132.1	121.0	108.7	95.0	86.8	84.7	82.3
EBITA	152.5	174.8	244.3	336.2	357.5	453.0	480.8	498.5
EBITA margin	6.5%	7.3%	10.4%	14.3%	15.7%	20.2%	21.3%	22.0%
Amortization of intangibles	29.4	29.0	22.4	15.7	8.2	3.6	3.3	2.6
EBIT [+]	123.1	145.8	221.9	320.5	349.3	449.4	477.5	495.9
EBIT growth	-64.8%	-67.6%	-53.5%	-35.4%	-29.6%	-8.9%	-0.3%	5.4%
EBIT margin	5.3%	6.1%	9.4%	13.7%	15.3%	20.1%	21.1%	21.9%
Non-recurring items [+]	61.8	44.0	31.5	13.5		6.7		3.3
Asset impairment				-0.6
Restructuring charges	62.4	44.6	32.1	14.1		7.4		3.9
Interest expense, net [+]	58.1	55.7	49.7	44.1	41.3	37.6	38.2	53.7
Interest expense	63.4	60.9	55.0	49.3	43.1	39.4	40.0	55.6
Interest income				5.3				1.9
Other income (expense), net [+]	0.8	-0.2	-1.2	-1.0	2.6	1.9	1.3	0.1
Other	0.8	-0.2	-1.2	-1.0	2.6	1.9	1.3	0.1
Pre-tax income	4.1	45.9	139.5	262.0	304.8	407.1	437.4	439.1
Income taxes	-26.2	-14.4	25.1	48.1	73.1	94.3	90.7	98.7
Tax rate	-642.9%	-31.3%	18.0%	18.4%		23.2%	20.7%	22.5%
Minority interest	-0.2	-0.1	-0.1	0.1
Net income	30.4	60.4	114.5	213.8	231.6	312.8	346.7	340.4
Net margin	1.3%	2.5%	4.9%	9.1%	10.2%	14.0%	15.3%	15.0%

Basic EPS [+]	$0.07	$0.15	$0.28	$0.52	$0.56	$0.76	$0.83	$0.81
Growth	-86.6%	-80.6%	-66.3%	-35.2%	-29.8%	-2.6%	47.5%	47.9%
Diluted EPS [+]	$0.07	$0.15	$0.28	$0.51	$0.55	$0.74	$0.81	$0.79
Growth	-86.4%	-80.4%	-66.0%	-34.8%	-29.4%	-2.3%	46.7%	47.0%

Dividends per share [+]	$0.22	$0.22	$0.21	$0.20	$0.19	$0.18	$0.17	$0.16
Growth	15.8%	22.2%	23.5%	25.0%	26.7%	28.6%	61.9%	128.6%

Shares outstanding (basic) [+]	406.6	410.3	408.3	409.1	413.9	411.5	416.6	421.7
Growth	-1.7%	-0.3%	-2.0%	-3.0%	-2.7%	-4.1%	-3.8%	-3.3%
Shares outstanding (diluted) [+]	408.9	414.5	414.6	417.1	422.2	420.5	426.6	432.6
Growth	-3.2%	-1.4%	-2.8%	-3.6%	-3.3%	-4.5%	-3.3%	-2.7%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.