Menu
Server demand helps Sun report record Q2 revenue

Server demand helps Sun report record Q2 revenue

Sun Microsystems yesterday reported record revenue for the second quarter of fiscal 2000, in part due to strong demand for the company's workgroup and high-end servers, according to company officials.

The hardware and software vendor announced revenue for the quarter, which ended December 26 of $US3.6 billion, up 27 per cent from the second quarter of fiscal 1999 and a new record for the company, Sun officials said in a statement issued this week.

Net income for the quarter was $353 million, up 30 per cent from a year ago. The company posted a profit of 21 cents per share before unusual charges, beating analysts' estimates by one cent.

Scott McNealy, Sun's chairman and CEO, said in yesterday's statement that the results reflect the continued popularity of Sun's hardware and software among ISPs (Internet service providers) and companies that are using the Internet to conduct business.

Sun plans to introduce the next version of its 64-bit Unix operating system, Solaris 8, later this month, McNealy said.

The per-share earnings of 21 cents represent a 24 per cent improvement over the same quarter a year ago, excluding unusual charges for fiscal 1999, the company said. Analysts had expected the company to profit by 20 cents a share, according to analyst First Call.

The earnings per share figures reflect Sun's recent two-for-one stock split, which was paid on December 7.


Follow Us

Join the newsletter!

Error: Please check your email address.
Show Comments