ALISO VIEJO, Calif., Feb. 6, 2015 (GLOBE NEWSWIRE) -- QLogic Corp. (Nasdaq:QLGC), a leading supplier of high performance network infrastructure solutions, today announced its 11th consecutive year of Fibre Channel adapter market share leadership, as confirmed by recent reports from Dell'Oro Group1 and Crehan Research.2 In calendar year 2014, QLogic held a total revenue share of 58.4 percent according to Dell'Oro Group and 57.7 percent according to Crehan Research. Both reports confirm that QLogic led its nearest competitor by nearly 18 percentage points for the full calendar year 2014. On a combined basis, inclusive of QLogic and the acquired Brocade adapter product lines for all periods, QLogic gained at least 4.3 points of market share from 2013 to 2014, with 1.5 points of it being new share gain. The research also shows that QLogic was the market leader in 16Gb Gen 5 Fibre Channel adapters in 2014, finishing with 52.6 percent revenue share for the year according to Dell'Oro and more than 54 percent revenue share according to Crehan.
Data from both firms indicates that the Fibre Channel market continues to stabilize, due in large part to the persistent adoption of storage area networks (SANs), the Grantley server upgrade cycle, and the growth of Gen 5 Fibre Channel technology. Through its proven Gen 5 product portfolio, QLogic continues its role as the technology leader in Fibre Channel adapters. These solutions are designed to address performance, scalability, and manageability requirements in virtualized networks, hyper-scale environments, SSD storage platforms and new SAN architectures.
"Because high-performance SANs continue to provide significant value for business and mission-critical applications, demand for Fibre Channel adapters remains strong," said Vikram Karvat, vice president of products, marketing and planning, QLogic. "QLogic is the leader in Gen 5 Fibre Channel and has been the leading brand in Fibre Channel adapter solutions for 11 straight years because we differentiate our products through superior performance, features and ease-of-deployment. We continue to invest substantial resources in developing innovative solutions that provide our customers with all these key attributes."
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 SAN 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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