Sun Microsystems registers $3.615 Bn revenue in second quarter
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Sun Microsystems registers $3.615 Bn revenue in second quarter

By SiliconIndia   |   Thursday, 27 March 2008, 12:38 Hrs
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Santa Clara: Sun Microsystems, a developer of technologies that power the global marketplace, has registered a revenue of $3.615 billion in its fiscal second quarter, which ended December 30, 2007.

It is an increase of approximately 1.4 percent as compared with $3.566 billion for the second quarter of fiscal 2007. Total gross margin as a percent of revenues was 48.5, an increase of 3.5 percentage points, as compared with the second quarter of fiscal 2007.

Net income for the second quarter of fiscal 2008 on a GAAP basis was $260 million, or $0.31 per share(1), as compared with a net income of $133 million, or $0.15 per share, for the second quarter of fiscal 2007. GAAP net income for the second quarter of fiscal 2008 included a $32 million restructuring charge. Cash generated from operations for the second quarter of fiscal 2008 was $336 million, and the cash and marketable debt securities balance at the end of the quarter was $4.677 billion.

"These results clearly demonstrate steady progress against our financial targets and highlight the accelerating demand set to fuel growth in the back half of the fiscal year," said Jonathan Schwartz, CEO of Sun Microsystems. "Headlining the results were improved margins and strong bookings along with growth in emerging markets including India, China, Latin America, Eastern Europe, the Middle East and Africa," he added.

Sun's Annual Analyst Summit (SAS) will be held on February 4 to 6 in San Francisco. Financial analysts and portfolio managers who wish to attend in person are invited to register at www.cplan.com/sunanalyst2008. The general public is invited to attend online at www.sun.com/investors.

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