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 272/2023

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

News

An All-Snap Version of Ubuntu is In The Works

Along with the standard deb version of the open-source operating system, Canonical will release an-all snap version.
Mageia 9 Beta 2 Ready for Testing

The latest beta of the popular Mageia distribution now includes the latest kernel and plenty of updated applications.
KDE Plasma 6 Looks to Bring Basic HDR Support

KDE , Linux , Plasma

The KWin piece of KDE Plasma now has HDR support and color management geared for the 6.0 release.
Bodhi Linux 7.0 Beta Ready for Testing

The latest iteration of the Bohdi Linux distribution is now available for those who want to experience what's in store and for testing purposes.
Changes Coming to Ubuntu PPA Usage

The way you manage Personal Package Archives will be changing with the release of Ubuntu 23.10.
AlmaLinux 9.2 Now Available for Download

AlmaLinux has been released and provides a free alternative to upstream Red Hat Enterprise Linux.
An Immutable Version of Fedora Is Under Consideration

For anyone who's a fan of using immutable versions of Linux, the Fedora team is currently considering adding a new spin called Fedora Onyx.
New Release of Br OS Includes ChatGPT Integration

Br OS 23.04 is now available and is geared specifically toward web content creation.
Command-Line Only Peropesis 2.1 Available Now

The latest iteration of Peropesis has been released with plenty of updates and introduces new software development tools.
TUXEDO Computers Announces InfinityBook Pro 14

With the new generation of their popular InfinityBook Pro 14, TUXEDO upgrades its ultra-mobile, powerful business laptop with some impressive specs.