Our Q3

We announced the results of our third fiscal quarter (Q3) on Thursday last week, and the results weren't what I, or any of us, wanted. As you can read in the press release, we delivered $3.267 billion in revenue for Q3, roughly flat with a year ago. On that revenue, we delivered a GAAP loss of 4 cents (equal to the charge associated with the acquisition of MySQL, which closed within the quarter) - on that revenue, we generated around $320m in cash. The low light of the quarter was revenue in the US - which declined year over year by nearly 10%, a big step down for a geography that typically contributes 40% of our total revenue. The highlight of the quarter was our India performance, up 30% year over year - and our chip multi-threading Niagara systems, which grew (billings) 110%. We had growth in 12 of 16 geographies in which we sell, but a shortfall in the world's largest economy (and the largest in Sun's portfolio), is tough to make up elsewhere. So we showed no growth at the corporate level. Despite a weak US economy, we still see growth and opportunity across the world. We are going to be making some changes as a result of the quarter, certainly, but not in our core vision or strategic direction - network infrastructure is being built out across the world, developers will continue to define its architecture and shape demand, and we will continue to position ourselves to drive and capture that market. With t...

Date: May, 04 2008
Url: http://blogs.sun.com/jonathan/entry/our_q3

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