Sun Q4 2007 Earnings Announced

Posted by Bill Bradford on Jul 30, 2007

Sun has announced their FY2007 Q4 earnings.

Revenues for the fourth quarter of fiscal 2007 were $3.835 billion. For the full fiscal year, the Company reported revenues of $13.873 billion, an increase of 6.2 percent over fiscal year 2006. Total gross margin as a percent of revenues for the fourth quarter was 47.2 percent, and gross margin for the full fiscal year was 45.2 percent, an increase of 2.1 percentage points over fiscal year 2006. Operating margin for the fourth quarter was 8.5 percent.

Net income for the fourth quarter of fiscal 2007 on a GAAP basis was $329 million, or $0.09 per share on a diluted basis. For the full fiscal year, net income was $473 million, or $0.13 per share, on a diluted basis, as compared with a net loss of $864 million, or ($0.25) per share, for fiscal 2006.

Cash generated from operations for the fourth quarter of fiscal 2007 was $564 million, and cash and marketable debt securities balance at the end of the quarter was approximately $5.9 billion.

According to Sun CEO Jonathan Schwartz:

“We exceeded the commitments made a year ago, to restore Sun to 4% operating profitability in Q4, and did so by delivering our single best operational quarter since 2001. On an annual basis, we improved Sun’s profitability by over a billion dollars. A billion. We grew revenue, expanded gross margins, streamlined our operating expenses – and closed the year with an 8% operating profit in Q4, more than double what some thought to be an aggressive target a year ago.”

Sun updates JavaFX compiler

Posted by Mike on Jul 27, 2007

This article reports that Sun updates the JavaFX compiler. Supposedly, the update will speed up how the JavaFX Script is compile to enhance application performance. More information on Sun’s JavaFX is located here.

Sun T2 and 2048-thread server

Posted by Mike on Jul 27, 2007

According to this exclusive article from The Register, Sun is ready to release the UltraSPARC T2 servers (or Niagara II) with an 8-core, 64-thread chip, at 1.5GHz. Additionally, Sun is planning to release a 2048-thread server in 2008.

Sun targeting telcos

Posted by Mike on Jul 19, 2007 has an article regarding Sun partnering with Intel to target telcos. According to Sun, 30%-40% of their business is from telcos. Furthermore, the reason for the Sun/Solaris popularity in telcos is its backward compatibility.

More details on Sun’s “Project Indiana”

Posted by Bill Bradford on Jul 17, 2007

Ars Technica has a short, but good article about Sun’s “Project Indiana”, an effort (led by Debian founder Ian Murdock) to turn OpenSolaris into a practical distribution modeled after mainstream Linux releases.

AT&T to use Sun hardware, storage for U-Verse TV

Posted by Bill Bradford on Jul 11, 2007

AT&T will be using Sun systems and modular storage to power its “U-Verse TV” IPTV offering.