Sun Microsystems’ Profits Slightly Up

Nov 06, 2007

Britta Wülfing

Sun Microsystems, Inc. reported results today for its fiscal first quarter, which ended September 30, 2007.

Revenues for the first quarter of fiscal 2008 were $3.219 billion, an increase of approximately 1 percent as compared with $3.189 billion for the first quarter of fiscal 2007. Total gross margin as a percent of revenues was 48.5, an increase of 5.0 percentage points, as compared with the first quarter of fiscal 2007.

Net income for the first quarter of fiscal 2008 on a GAAP basis was $89 million, or $0.03 per share on a diluted basis, as compared with a net loss of $56 million, or ($0.02) per share, for the first quarter of fiscal 2007. GAAP net income for the first quarter of fiscal 2008 includes a $113 million restructuring charge, which equates to $0.03 per share.

Cash generated from operations for the first quarter of fiscal 2008 was $574 million, and cash and marketable debt securities balance at the end of the quarter was $5.193 billion.

"We showed continued execution and operating discipline and delivered a very solid first quarter with continued revenue growth, profitability and gross margin expansion," said Jonathan Schwartz, CEO of Sun Microsystems. "We saw particular strength in our high-end systems lineup, good growth in our subscription-based identity management software offerings, and even more adoption and momentum behind the award-winning open source Solaris 10 Operating System and our virtualization offerings. Growth remains our top priority for fiscal 2008 as we look to capitalize on our UltraSPARC T2 servers, delivering outstanding Solaris and Linux performance with extreme energy efficiency."

Related content

Q4 Novell: Revenue Down, Loss Up

In its fourth fiscal quarter of 2009, Novell achieved a net revenue of $216 million, a figure down on the $245 million for the same period last year.

more »
Glass Half Full: Novell Begins Year with Wins and Losses

Novell is reporting a current quarter revenue loss, but some wins at the same time.

more »
Intel Reports Huge Fourth-Quarter Losses

U.S. chipmaker Intel reports a fourth-quarter 2009 revenue of $8.23 million that is 19% less than the previous quarter and 23% down from a year ago.

more »
Spring Quarter Results: Sun Vague, Intel Pale

Sun and Intel have presented their quarterly figures for the second three-month period of 2009.

more »
Red Hat Fiscal Year End Revenues Reported Over 900 Million

"With record bookings and billings in the fourth quarter, we are on a run rate to become the first pure-play open source company to achieve a billion dollars in revenues next fiscal year, a milestone achievement for Red Hat and the open source community," stated Jim Whitehurst, President and Chief Executive Officer of Red Hat.

more »

comments powered by Disqus

Issue 266/2023

Buy this issue as a PDF

Digital Issue: Price $12.99

(incl. VAT)

Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Find SysAdmin Jobs

News

4MLinux 41.0 is Now Stable and Ready for Use

The developers behind 4MLinux have changed the status of 41.0 to STABLE, which means it's ready for prime time.
Xfce 4.18 is Coming Soon and Offers Subtle Improvements

The Xfce team has announced the release date of the next iteration of the desktop, which includes a good number of features to polish the fan-favorite Linux UI.
Orange Pi Board Has Arch-Based Linux Distribution in the Works

The developers of the Orange Pi board are planning to release an Arch-based Linux distribution available for its hardware as an alternative to Orange Pi OS.
Alpine Linux 3.17 Now Available to the General Public

The developers of Alpine Linux have officially announced the release of the latest version of the security-focused Linux distribution.
The New StarFighter Linux Laptop Now Available for Preorder

A new, completely customizable Linux laptop is now available to preorder from Star Labs.
Critical Escalation Vulnerability Found in the Linux Kernel

A new local privilege escalation vulnerability has been discovered in the Linux kernel and users are encouraged to upgrade/patch immediately.
AlmaLinux 8.7 Now Available

The developers of AlmaLinux have released the latest version of the OS, named Stone Smilodon, to the general public.
New Arch-Based Linux Distribution Aims to be Beginner-Friendly

CachyOS has been created to serve as a Linux distribution for everyone, even while being based on the more complex Arch Linux.
elementary OS 7 Getting Closer to Release

The team behind elementary OS has announced they are now focused on putting the finishing touches on the next major release of the Linux distribution.
Nitrux 2.5 Released with Kernel 6.0 and KDE Plasma 5.26

Nitrux 2.5 has been officially released and is the first systemd-free distribution to include both kernel 6.0 and KDE Plasma 5.26.