Palo Alto, CALIF. — Sun Microsystems, Inc. reported results for the first quarter of fiscal year 2001, which ended October 1, 2000. Revenues for the first quarter were $5.045 billion, up 60 percent compared with the first quarter of fiscal 1999. Orders for the first quarter were $5.049 billion, representing a year over year increase of 54 percent. Net income for the first quarter was $510 million, up 85 percent compared with last year’s net income of $276 million (excluding acquisition-related charges for fiscal year 2000). First quarter earnings per share was $0.30, an increase of 88 percent over the corresponding period a year ago (excluding acquisition-related charges for fiscal year 2000).
“This is a great beginning to our fiscal year 2001; we’re picking up right where we left off last year. We continue to post the kind of numbers that reflect our ongoing share gains in the market place. Our newest storage array, the Sun StorEdge T3, is generating a lot of momentum in our customer base and is one of the principal drivers behind the 50 percent year over year revenue growth in our storage products. During the quarter we also announced the availability of our new UltraSPARC III based systems, the Sun Blade 1000 workstation and the Sun Fire 280R workgroup server. These are the first in a series of new systems that will both be utilizing the UltraSPARC III microprocessor, our second generation 64 bit architecture, and offer unprecedented levels of uptime, reliability and quality,” said Scott McNealy, Chief Executive Officer of Sun Microsystems.
McNealy concluded, “We continue to invest in our core technologies SPARC, Solaris, Sun StorEdge, Java, Jini, Jiro, iPlanet, and Forte in order to maintain our position as a leading innovator for the Internet. The continued strong demand for our products, technologies and services is proof that we are meeting our customer’s needs.”
Michael E. Lehman, Sun’s Executive Vice President of Corporate Resources and Chief Financial Officer, commented,” This was a record setting first quarter, in every respect, including orders, revenue, net income, and EPS.” Lehman added “All geographies posted outstanding results.”
Lehman concluded, “We are continuously monitoring and replanning our business, to ensure appropriate levels of investment into the opportunities that our market momentum provides.” Sun can be found in more than 170 countries and on the World Wide Web at http://www.sun.com .