Sun Microsystems Reports Results for Third Quarter Fiscal Year
2006 - Revenues up 21%
SANTA CLARA, Calif. April 24, 2006 Sun Microsystems, Inc., (NASDAQ:
SUNW) reported results today for its fiscal third quarter, which
ended March 26, 2006. Revenues for the third quarter of fiscal 2006
were $3.177 billion, an increase of 21 percent as compared with
$2.627 billion for the third quarter of fiscal 2005. The year over
year revenue increase was driven by recent acquisitions and by
growth in traditional products. Total gross margin as a percent of
revenues was 43.0 percent, an increase of 1.6 percentage points, as
compared with the third quarter of fiscal 2005.
Net loss for the third quarter of fiscal 2006 on a GAAP basis was
$217 million or a net loss of ($0.06) per share, as compared with a
net loss of $28 million, or a net loss per share of ($0.01), for
the third quarter of fiscal 2005.
Laptop Battery GAAP net loss for the third quarter of fiscal 2006 includes: $87
million principally related to intangible asset amortization
associated with our recent acquisitions, $57 million of stock-based
compensation charges relating to the implementation of SFAS 123R,
$36 million of restructuring charges, a $4 million gain on equity
investments, and a $4 million benefit for related tax effects. The
net impact of these five items is approximately ($0.05) per
share.
Stamps.com Reports Third Quarter 2003 Financial Results Revenue Up 32% Year over Year; Customer Acquisition Momentum Builds SANTA MONICA, October 29, Stamps.com™ ( STMP) today announced financial results for the third fiscal quarter ended September 30, 2003. Third quarter revenue was up 32% versus the same quarter last year, and up 7% versus the second fiscal quarter of 2003. In addition, the company reported an increase in customer acquisition during the third quarter, particularly with higher value Power Plan customers.
Thinkpad Cash generated from operations for the third quarter was $197
million and cash and marketable debt securities balance at the end
of the quarter was $4.429 billion.
Continual operational improvements drove revenue and earnings performance CUPERTINO, Calif. Jan. 23, 2008 Symantec Corp. ( SYMC) today reported the results of its third quarter of fiscal year 2008, ended Dec. 28, 2007. GAAP revenue for the quarter was $1. GAAP revenue was $1.53 billion. GAAP revenue grew 15 percent versus the December 2006 period of $1.33 billion.
Microsoft "We're growing again. Products are winning awards. The Solaris
10 Operating System is a runaway success. The next step is
consistent profitability," said Scott McNealy, chairman and CEO,
Sun Microsystems.
For fiscal year 2006, Citrix reported annual revenues of $1.134 billion, compared to $909 million in 2005, a 25% increase. For fiscal year 2007, the company expects net revenues to be around $1.31 billion. For the first quarter of 2007, Citrix reported revenues of $308 million, compared to $260 million in the first quarter of 2006, an 18% revenue growth.
Laptop Computers "Each quarter we drive for measurable improvement in our
products, customer acceptance, competitive position and operational
execution. During Q3, we grew our traditional business year over
year in the United States, most of Asia, parts of Europe and almost
all parts of the International Americas. We're pleased with
customer acceptance of our products in key markets such as telco,
government, energy and retail, to name a few. We're well positioned
in the marketplace, and expect to reach new and traditional
customers with our open source, industry-leading Solaris 10
software stack and our recently improved systems products," said
Jonathan Schwartz, president and COO, Sun Microsystems.
Stamps. End 2000 Financial Results Company reports 26 percent growth in revenue over third quarter, with positive gross margin and continued focus on achieving profitability SANTA MONICA, Calif. February 22, Stamps.com™ ( STMP), today announced that revenue in the fourth quarter of year 2000 was $5.3 million, an increase of 26 percent over the third quarter of year 2000, while total revenue for fiscal year 2000 was $15.2 million.
Laptop Computer "Our investments in R&D during the past couple of years have
resulted in a terrific product line. Combined with our recent
acquisitions of StorageTek and SeeBeyond, as well as other
technologies, we now offer a broader and more compelling portfolio
of choices to our customers. We're pleased with the improvement in
demand across numerous geographies; in particular, our growth in
the U.S. market was broadly-based across both traditional and
nascent industries. We delivered the results we were anticipating,
including our operating expense guidance for the quarter," said
Michael Lehman, chief financial officer and executive vice
president, Corporate Resources, Sun Microsystems.
GAAP adjusted net income for the third quarter fiscal 2007 was $8.1 million, or $0.31 per diluted share, GAAP adjusted net income for the third quarter of fiscal 2006 of $9.2 million, or $0.36 per diluted share. GAAP adjusted EBITDA in the third quarter of 2007 was $13.5 million, compared to $12.4 million in the third quarter of fiscal 2006.
Desktop Computer Sun has scheduled a conference call today to discuss its
earnings for Q3 fiscal year 2006 at 1:30 p.m. (PT), which is being
broadcast live at www.sun.com/investors.
About Sun Microsystems, Inc.
Notebooks A singular vision -- "The Network Is The Computer" -- guides Sun
in the development of technologies that power the world's most
important markets. Sun's philosophy of sharing innovation and
building communities is at the forefront of the next wave of
computing: the Participation Age. Sun can be found in more than 100
countries and on the Web at http://sun.com.
Lenovo This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, regarding the future results and performance of Sun
Microsystems, Inc., including statements regarding growth,
consistent profitability, Sun's position in the marketplace and
expectations regarding reaching new and traditional customers.
These forward-looking statements involve risks and uncertainties
and actual results could differ materially from those predicted in
any such forward-looking statements. Factors that could cause
actual results to differ materially from those contained in our
projections and forward-looking statements include: increased
competition; failure to rapidly and successfully develop and
introduce new products; our reliance on single-source suppliers;
risks associated with our ability to purchase a sufficient amount
of components to meet demand; inventory risks; risks associated
with our international customers and operations; delays in product
development or customer acceptance and implementation of new
products and technologies; our dependence on significant customers
and specific industries; our dependence on channel partners; risks
associated with our tape products; and failure to successfully
integrate acquisition candidates. Please also refer to Sun's
periodic reports that are filed from time to time with the
Securities and Exchange Commission, including our Annual Report on
Form 10-K for the fiscal year ended June 30, 2005 and our Quarterly
Reports on Form 10-Q for the fiscal quarters ended September 25,
2005 and December 25, 2005. Sun assumes no obligation to, and does
not currently intend to, update these forward-looking
statements.
Hard Drive To supplement Sun's consolidated financial statements presented
in accordance with GAAP, Sun provides non-GAAP net income (loss)
and non-GAAP net income (loss) per share data. The presentation of
these non-GAAP financial measures should be considered in addition
to our GAAP results and is not intended to be considered in
isolation or as a substitute for the financial information prepared
and presented in accordance with GAAP.
Travelstar Sun's management believes that these non-GAAP financial measures
provide meaningful supplemental information regarding our
performance by excluding certain charges, gains and tax effects
that may not be indicative of our core business operating results.
Sun believes that both management and investors benefit from
referring to these non-GAAP financial measures in assessing Sun's
performance. These non-GAAP financial measures also facilitate
comparisons to Sun's historical performance and our competitors'
operating results. We include these non-GAAP financial measures
because we believe they are useful to investors in allowing for
greater transparency with respect to supplemental information used
by management in its financial and operational decision making.
Non-GAAP measures are reconciled to comparable GAAP measures in the
table entitled "Non-GAAP Calculation of Net Income (Loss) Excluding
Special Items " following the text of this press release.
Gateway Sun, Sun Microsystems, the Sun logo, Solaris, and The Network Is
The Computer are trademarks or registered trademarks of Sun
Microsystems, Inc. in the United States and in other countries.
Laptop Parts Source: Sun Microsystems
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