Tuesday, 6 November 2007

Sun Reports Results for Q108

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

Revenues for the first quarter of fiscal 2008 were 3.219 billion dollars, an increase of approximately 1 percent as compared with 3.189 billion dollars 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.

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

"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 in a statement found on Sun's Website.

"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."