Feeds

Sun stashes more cash in Q2

Tech titans hold steady

Build a business case: developing custom apps

Lost in all the hullabaloo over the $1bn MySQL buy were Sun Microsystems' preliminary second quarter results.

For the quarter ended Dec. 30, Sun posted revenue of $3.6bn - a 1 per cent increase over the $3.57bn reported in the same period last year. Working off preliminary figures, Sun thinks it will report net income between $230m and $265m, which compares with net income of $133m in the previous second quarter. Sun will dive deeper into these figures during a conference call with analysts this afternoon.

Sun was set to report earnings on Jan. 24.

Even with just this glimpse of the numbers, you find a Sun that appears quite healthy. Without question, surging shipments and revenues would be better. But Sun is showing fiscal responsibility by making the most of what it has with trimmed expenses and rising margins (48 per cent, up 3 points year-over-year.)

Sun has yet to release any specifics on product and services revenue, but we'll deliver that information as it arrives.

Having seen IBM, Intel and Sun hand in their results, we're looking at technology sector that's holding its own while surrounded by the doom and gloom fostered by the irresponsible folks in the financial sector. Thanks for nothing, Wall Street. ®

Build a business case: developing custom apps

More from The Register

next story
Sysadmin Day 2014: Quick, there's still time to get the beers in
He walked over the broken glass, killed the thugs... and er... reconnected the cables*
Auntie remains MYSTIFIED by that weekend BBC iPlayer and website outage
Still doing 'forensics' on the caching layer – Beeb digi wonk
Microsoft says 'weird things' can happen during Windows Server 2003 migrations
Fix coming for bug that makes Kerberos croak when you run two domain controllers
Cisco says network virtualisation won't pay off everywhere
Another sign of strain in the Borg/VMware relationship?
VVOL update: Are any vendors NOT leaping into bed with VMware?
It's not yet been released but everyone thinks it's the dog's danglies
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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
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.