Sun reports flattening of revenuesPalo Alto 19 April 2001 Sun reported results for the third quarter of fiscal year 2001, which ended April 1, 2001. Revenues where almost flat compared to the previous quarte. Profits, where down 43 percent.
Revenues for the third quarter were $4.095
billion, up 2 percent compared with the third
quarter of fiscal 2000. Orders for the third
quarter were $3.612 billion. Proforma net income
(which excludes realized gains/losses on Sun's
venture equity portfolio, the effects of
acquisition related charges, any unusual one time
items, and the cumulative tax effects) for the
third quarter was $263 million, a decrease of 43
percent compared with last year's proforma net
income of $464 million. Third quarter proforma
earnings per share, was $0.08, a decrease of 43
percent compared with $0.14 proforma earnings per
share for the same period a year ago.
"Despite the economic slowdown in the United
States, we were able to increase revenues over the
very strong growth rate (35 percent) during the
same quarter a year ago," said Scott McNealy,
Chief Executive Officer of Sun Microsystems.
McNealy concluded, "Our refreshed product line is
positioned to be the best we've had in years. Led
by our new Sun Open Net Environment (Sun ONE)
architecture, Sun introduced exciting new products
such as the iPlanet stack, Netra servers,
Sun StorEdge hardware and software, Sun
Cluster 3.0 technology, the recently acquired Sun
Cobalt appliances, and the Sun Fire
Midframe server product line running the
UltraSPARC(TM) III processor and the Solaris 8
Operating Environment. These Midframe servers
offer mainframe-class functionality at midrange
server prices. With the additional product
announcements planned in the months ahead, we
intend to capitalize on our increased market
opportunities."
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