Sun: Fiscal 2Q09 Financial Results

Impressive and surprising 12% sequential growth for storage revenues

By Jean Jacques Maleval | January 29, 2009 at 3:40 pm

STORAGE REVENUES OF SUN MICROSYSTEMS
(for its second quarter of fiscal 2009,
which ended December 28, 2008)

(in US$ millions)	1Q09	2Q09	Growth
Disk and storage arrays	311	386	*+24%*
Open storage	25	31	*+24%*
Tape	188	245	+30%
Other storage	11	8	-27%
Storage reserves and adjustments	-28	-100
TOTAL STORAGE REVENUES	507	570	+12%

But compared to 2Q08, 2Q09 storage revenues fell 13%. "The category of ‘Open Storage’ grew 21% year over year, and is now at an approximately $100 million annual run rate, based on first and second quarter fiscal 2009 results," stated the company.

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