Q2 Fiscal 2009 Earnings
Sun announced Q2FY09 revenue of $3.220 billion, a 7.7% sequential increase. On a non-GAAP basis, net income was $114 million or $0.15 per share. On a GAAP basis, net loss was $209 million, or $(0.28) per share. GAAP net loss per share includes a restructuring charge of $222 million primarily related to the November 2008 restructuring announcement.
Billings grew at double digit rates year-over-year in key growth products categories including CMT, Software, X64 and Open Storage. These key growth categories now account for more than one-third of Sun's total products billings.
Quarterly Earnings Release
Drill Down Into Earnings Results
Slides from most recent quarter
2008 Annual Report
In fiscal year 2008, Sun demonstrated improvements across a number of key operating metrics. On an annual basis Sun expanded gross margins by 1.3 percentage points, increased operating income by $63 million, grew products and services deferred revenue by 8% to $2.9 billion and closed the year with an increase in cash flow from operations of $371 million to total $1.3 billion.
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