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    Do you execute ops in bulks or one by one?. Last bunch of the entries have been all about the code. Today let's try something different. Partly because at the time of writing I'm just 34 thousand feet above Atlantic and really don't feel like coding anything, but partly also bec...

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    home > news > main > free virtualization, and sun's q2 results

    Free Virtualization, and Sun's Q2 Results

    Please read the luculent Safe Harbor Statement at the bottom of this page.... We released our official earnings on Thursday last week, after pre-announcing the news one week prior alongside the announcement of our intent to acquire MySQL. Our second quarter financial announcement came down to this: we doubled our profitability compared to a year ago, with $260 million in net income on revenues of $3.6 billion, while generating $336 million in cash from operations. We also repurchased $750 million of our own shares within the quarter, and reaffirmed our guidance for the full year of low to mid single digit revenue growth, and at least 8% operating profit for Q4 (excluding any acquisition charges). From a financial perspective, with the glass half empty, total revenues were up only slightly (just over 1% vs. a year ago). This was partly due to changes in how we do business with our resellers and channel partners – we'll be reporting revenue when there's a sale to an end user customer, not when we've fulfilled an order from a business partner that sells to end users. (This makes us more transparent, too.) Those changes took a few percentage points of revenue growth off the top line, and were one reason for the disparity between our bookings growth of 7%+ (bookings are orders for delivery within the next six months) and our revenue (orders fulfilled/installed within the quarter). With the glass half full, t...


    Date: January, 30 2008
    Url: http://blogs.sun.com/jonathan/entry/comments_on_q2


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