Sun's Q2 Financial Results

These are my spoken notes from last week's earnings call - rather than recraft them, I figured I'd simply republish. _______________________________ And thank you all for joining us this afternoon.  I'll start with some perspective on our Q2 results and the current climate, then follow-up with commentary on our products disclosure - slides 6 and 7 in the slide deck. Then I'll turn it over to Mike Lehman (Sun's CFO) for commentary on financial metrics, and an update on the restructuring plan we announced back in November. Overall, results for Q2 were in line with what we expected, as macro worries factored into customer discussions across all geographies. These concerns resulted in decisions related to higher end system purchases being pushed out - so billings were down year over year for SPARC Enterprise Servers, alongside the Storage and Service businesses attached to them, continuing a trend that began about a year ago. With that said, growth in our key areas continued, with Software a high point, and our Open Storage, CMT or "Niagara," and x86 systems businesses all delivering double-digit growth. As we shared with you last quarter, Sun's business can be viewed in two categories, “Traditional” and “Growth," depicted on slide 7. Growth Categories now account for over 1/3rd of Sun's products billings, up from just 23% one year ago, and are continuing to open new opportunities wi...

Date: February, 06 2009
Url: http://blogs.sun.com/jonathan/entry/q2_fy2009

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