Sun's revenues higher than everPalo Alto 20 Jan 00 For the first six months of fiscal 2000, Sun reported revenues of $6.699 billion, up 26 percent over the corresponding period a year ago. Net income was $629 million, up 34 percent over the same period a year earlier (excluding the acquisition-related charges for fiscal years 1999 and 2000). Earnings per share, excluding these charges, was $.38, an increase of 27 percent from the previous year's results. Including acquisition-related charges, net income was $626 million and earnings per share totalled $.37 for the first six months of fiscal year 2000. . "Sun continues to capture market share as we set the agenda in the "dot com" era. There are lots of choices out there, and its becoming clear that Sun is being viewed as a "category" player in the networking space. Customers racing to "dot com" their businesses for competitive advantage seem to agree, as they vote with their pocketbooks and their commitment," said Scott McNealy, Chief Executive Officer of Sun Microsystems. "Our recently announced alliances with Lucent, Cisco, Enron, Vodaphone and Digital Island clearly indicate that Sun is one of the preeminent vendors providing products and services for the Internet age." McNealy concluded, "Sun remains focused on building the world's best network computing products, investing about $1.5 billion dollars annually in its core technologies, SPARC™, Solaris™, Jiro™, Java™, and Jini™, which continue to fuel the Internet and service provider explosion. In addition, the next version of full 64-bit Operating Systems, Solaris™ 8, will be introduced this month. These investments enable Sun to create a competitive advantage in the marketplace."
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