Sun Microsystems Outshines Enterprise Disk Systems Market with Fourth Consecutive Quarter of Strong Revenue Growth, According to Latest Analyst DataLatest Report by Leading Analyst Firm Shows Solid Growth for Total Disk Storage Market in Third Quarter Despite Economic Slowdown; Sun Grew Faster than All Major Storage Vendors with 25% Year-over-Year Revenue Increase SANTA CLARA, CALIF. December 5, 2008 Sun Microsystems, Inc. today announced its fourth consecutive quarter of significant revenue growth for total disk storage systems sales with a 25% year-over-year (YoY) increase in factory revenue, as highlighted in the IDC Worldwide Quarterly Disk Storage Systems Tracker, 3Q08. Sun was atop the list in year-over-year revenue growth for external disk systems during the third quarter of 2008 and outperformed the overall market by almost two times.
The total worldwide disk systems market continued to grow year-over-year at 1.1% with revenues totaling $6.6 billion, amid mounting economic pressures and tighter IT budgets. IDC commented in a recent press release, "Numerous IDC surveys of IT users suggest that storage is one of a few hardware categories where buyers are reluctant to cut spending." Sun's disk storage systems outgrew the market for the second straight quarter in many major revenue categories for Q3CY2008:
"Sun's continued storage revenue growth is yet another proof point that the economics and simplicity that Open Storage systems deliver is fast catching on with customers, partners and the industry," said John Fowler, executive vice president, Systems Group, Sun Microsystems, Inc. "With the recently announced Sun Storage 7000 Unified Storage family, upcoming solid state disk (SSD) products and other unique innovations, we are well-positioned for continued growth of our industry-leading Open Storage solutions." About Sun Microsystems, Inc.Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com. Sun, Sun Microsystems, the Sun Logo, Java and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. and its subsidiaries, in the United States and other countries. UNIX is a registered trademark in the United States and other countries, exclusively licensed through X/Open Company Ltd. Press Release Finder
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