Feeds

Sun announces record levels of smugness as Q1 results rocket

We're the best, stuff the rest -- Zander, McNealy, et al

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Sun continues to shine financially -- and executive heads continue to swell. Just look at its latest financial results, posted yesterday, which show its revenue grow 25 per cent year-on-year and its income rise by 138 per cent over the same timeframe. So, earnings for the company's first quarter, ended 26 September, reached $271.1 million, up from $113.9 million for the same period last year. Ignoring one-off charges, Sun made $274.8 million, a more modest increase of 39 per cent on the Q1 1999 pre-charge profit of $197.9 million. Charges incurred included $3.5 million for in-process R&D thanks to the Star Division acquisition and a $1.3 million tax provision relating to the same purchase. Revenue for the quarter was $3.12 billion, up from $2.49 billion. Interestingly, the quarter marks the seventh three-month period in which Sun profit has risen. Apple was just as gung-ho about it's own such quarter as Sun is today, and then look what happens: down come the profits. Perhaps Sun should learn a little humility too, but is this possible, we wonder? Sun's bosses were certainly so ebullient about this "blow-away quarter" that clearly Christmas has come early for the company that only last week said it was the planet's only true hope against Microsoft (in Redmond, where the shadows lie...) "It's starting to separate us from the pack," gushed Sun CFO, Michael Lehman -- presumably we can take it that this is official recognition that Sun has, until now, always been part of the pack. And "[Hewlett-Packard] should have been blaming Sun's sales force for their problems", said smug Sun president Ed Zander, referring to HP CEO Carly Fiorina's recent statement that her company's server sales would be down next month thanks to a poor effort from its sales force. CEO Scott McNealy completed the trio with: "The public challenge to Sun by HP, IBM and others would be even more of a concern if we were fighting against new and improved strategies, but we're not. If imitation is the highest form of flattery, we are very flattered." Indeed. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.