Web Hosting Provider, Sun Microsystems, Reports Growth for First Quarter, 2008
Santa Clara, California – (The Hosting News) – January 17, 2008 – Technology firm and web hosting provider, Sun Microsystems, Inc., has reported that it expects revenues for the second quarter of fiscal 2008 of approximately $3.60 billion, an increase of 1 percent, compared to $3.57 billion for fiscal 2007.
Net bookings for the second quarter of fiscal 2008 were approximately $3.85 billion, an increase of approximately 7% year over year. Total gross margin as a percent of revenues for the second quarter of fiscal 2008 is expected to be approximately 48%, an increase of approximately 3.0 percentage points as compared with the second quarter of fiscal 2007. Net income for the second quarter of fiscal 2008 on a GAAP basis is expected to be in the range of $230 million to $265 million, or $0.28 to $0.32 per share on a diluted basis, as compared with net income of $133 million, or $0.15 per share, for the second quarter of fiscal 2007.
Jonathan Schwartz, CEO and President of Sun Microsystems noted, “Our preliminary results for the second quarter reflect solid execution and continued operational progress. The future is even brighter today as evidenced by our agreement to acquire MySQL, one of the fastest growing players in the $15 billion database market and a key component of many of the Web’s premier properties such as Facebook, Wikipedia, China Mobile and Baidu. As the market for open source databases continues its spectacular growth, we look forward to this acquisition directly contributing to Sun’s growth as the platform of choice for the web economy.”
Sun initiated financial analyst conference call to discuss its preliminary financial results for the second quarter fiscal year 2008 as well as the announcement of its intent to acquire MySQL.
In addition to offering products and services to eligible U.S. based members, Sun also is offering free technical advice via email and access to free software such as Apache, MySQL and Perl (AMP) optimized to run on the Solaris 10 OS. Program members can also select the Web hosting infrastructure from Sun partners based on Sun technologies along with services they need, in case they choose not to build and operate the infrastructure themselves. Sun develops technologies designed to power comprehensive markets, in more than 100 countries.
The Sun Startup Essentials program is designed to help eligible U.S. based startup companies get to market faster while conserving cash. The program offers its members a range of discounted Sun products and services, including its award-winning Sun Fire x64 servers and Sun Fire servers with CoolThreads technology, and Sun’s select StorageTek line of products, including modular disk arrays, NAS and tape storage products.
Joyent and NaviSite are using Solaris Container virtualization technology, part of the Solaris 10 OS, the most advanced OS on the planet, to deliver the secure and high-performance infrastructure to help deploy next-generation web applications that can scale based on demand. Sun’s partners also provide value-add services to manage and monitor their hosted environments. With highly flexible hosting offerings, customers can choose to start with a small capacity and grow flexibly as their business and community grows.
To learn more about Sun’s web hosting program, please visit: www.sun.com/startupessentials.
For more information about Sun, please visit: www.sun.com..
About The Author TheHostingNews.com is your premiere source of daily web hosting news and source for finding web hosting industry information. Read more from this authorRelated posts:
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