Sun Microsystems, Inc. (NASDAQ: JAVA) reported preliminary results today for its fourth quarter of fiscal 2008, which ended June 30, 2008.
Sun expects to report revenues for the fourth quarter of fiscal 2008 in the range of $3.725 to $3.800 billion, as compared with $3.835 billion for the fourth quarter of fiscal 2007. Total gross margin as a percent of revenues for the fourth quarter of fiscal 2008 is expected to be in the range of 44 to 45 percent.
Sun anticipates reporting GAAP net income per diluted share for the fourth quarter of fiscal 2008 in the range of $0.05 to $0.15. GAAP net income per diluted share includes a restructuring charge of approximately $100 million. On a non-GAAP basis, Sun expects to report net income per diluted share in the range of $0.25 to $0.35. Non-GAAP net income per diluted share excludes purchased in-process research and development, amortization of acquisition-related intangibles, stock-based compensation expense, restructuring charges and related impairment of long-lived assets, gain or loss on equity investments, settlement income and the related income tax effects of non-GAAP exclusions.
"In these difficult economic times, we continue to see customers across the world look to open software and hardware as a source of savings, and feel Sun is well positioned with our most robust line ever of server, storage, software and service offerings,” said Jonathan Schwartz, CEO of Sun Microsystems.
Sun will report its complete fourth quarter and full fiscal year 2008 financial results on Friday, August 1, 2008. The company will host a conference call on August 1, 2008 to review the complete financial results beginning at 5:00 a.m. PT / 8:00 a.m. ET. The general public can access the financial results and listen to the call via Sun's Investor Relations website at www.sun.com/investors.
About Sun Microsystems, Inc.
Sun Microsystems develops the technologies that power the global marketplace. Guided by a singular vision -- "The Network is the Computer" -- Sun drives network participation through shared innovation, community development and open source leadership. Sun can be found in more than 100 countries and on the Web at http://sun.com.
