Costa Mesa-based Emulex Corp. posted a double-digit sales increase and a profit for the company’s June quarter.
The maker of storage networking gear saw sales of $108.2 million, up 25% from a year ago. Net income came in at $25 million, versus a year-ago loss of $572 million related to the company’s buy of Vixel Corp.
Emulex benefited from sales of fiber channel host bus adapters, circuit boards used to network data storage computers.
Nearly all of Emulex’s sales in the quarter came from fiber channel adapters. Emulex’s reliance on adapters,once seen as a vulnerability,now is a benefit, according to analysts.
The company is seeing a wave of buying by makers of data storage computers, including EMC Corp., Hewlett-Packard Co. and IBM Corp.
Emulex shares were up 9% in afterhours trading.
Wall Street’s response to Emulex’s results contrast to that of Aliso Viejo-based QLogic Corp., which spun off from Emulex in the 1990s.
QLogic last month posted record quarterly revenue of $159 million, up 22% from a year earlier. But investors chose to focus on QLogic’s sales of controllers for disk drives, which are slumping.
About half of QLogic’s business comes from host bus adapters. About a fifth comes from controllers for disk drives.
