Feeds

Sun posts 60 per cent sales growth

Global factors worry McNealy, not IBM and HP

  • alert
  • submit to reddit

Build a business case: developing custom apps

Sun's revenues grew by 60 per cent in the first quarter causing CEO Scott McNealy to say it was only the global economy and interest rates that worried him - not IBM and HP.

Net income jumped 85 per cent to $510 million for the quarter ending 30 September, compared with $276 million a year earlier. Sales stood at $5.05 billion, 60 per cent up on last years $3.15 billion.

The company enjoyed 50 per cent sales growth in its storage business, from a year earlier. Sun put this down to its new storage array the Sun StorEdgeT3.

Revenues in Europe rose 57 per cent, with strong performances in the UK and Germany.

Gross margin was lower than expected due to the price of memory components. The company expects the trouble to continue into Q2 with shortages driving up prices.

To handle and sustain growth Sun has recruited 600 engineers and 800 sales reps. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.