Sun Reports Q1 Fiscal 2009 Results
Sun reported revenue for the first quarter of fiscal year 2009 of $2.990 billion. On a non-GAAP basis, net loss for the quarter was $65 million or $(0.09) per share on a diluted basis. On a GAAP basis, net loss for the quarter was $1.677 billion or $(2.24) per share on a diluted basis. GAAP net loss per share includes a $1.445 billion non-cash charge for goodwill impairment.
Sun reported 83% year-over-year billings growth in its Solaris-based Chip Multi-Threading systems as well as triple digit growth in the Solaris-based Open Storage product line. The Emerging Markets region grew 12% year-over-year, with India, Latin America and a combined Russia, Middle East and Africa geography growing double digits year-over-year.
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Michael E. Lehman
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