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 Last I checked, the price of oil was nearly $100 USD per barrel. With energy prices going up and businesses looking at ways to minimize costs while sharpening their competitive edge, it's little surprise that they want to do more with their IT infrastructure.
Thus the dual meaning of the term "eco." "Eco" stands for both economics and ecology, and reminds us of the symbiotic relationship between the two. In other words, what's good for the planet is usually good for business — and vice versa.
Sun's lineup of eco-friendly technology is the strongest in the industry. From servers to storage, we've engineered eco efficiency into each of our products so that they use less energy, consume less space, and generate fewer pollutants.
That means Sun customers are reducing their power and cooling costs, building more efficient datacenters, and being good corporate citizens by minimizing their carbon footprints and consumption of finite resources.
Eco friendly technology makes economic sense as machines can use less energy to deliver greater performance. As Sun CEO Jonathan Schwartz pointed out his in popular blog, the point isn't just that we're hugging trees, we're hugging our customers.
This message is clearly resonating among our customers, as our recent financial results attest.
We recently announced that we turned in our fourth straight quarter of profitability. Revenues for the first quarter of fiscal 2008 were $3.219 billion USD, an increase of approximately 1 percent as compared with $3.189 billion for the first quarter of fiscal 2007.
Net income for the first quarter of fiscal 2008 on a GAAP basis was $89 million, or $0.03 per share on a diluted basis. This is compared to a net loss of $56 million, or ($0.02) per share, for the first quarter of fiscal 2007. That's great news.
Thank you for supporting us and putting your faith behind our belief that eco friendly technology is good for the bottom line and for the earth.
Best regards,
Lionel Lim
President, Asia South
Chief of Staff, Asia Pacific
Sun Microsystems
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