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Article #40

44.04 SunFlash: Sun's 4th Quarter, Fiscal Year Results

#40
From: daemon id AA29090 Wed 5 Aug 92 2...
Date: Thu, 06 Aug 1992 06:46
105 lines
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                                                        The Florida SunFlash

	SUN MICROSYSTEMS REPORTS RECORD REVENUES FOR Q4 AND THE YEAR

		BREAKS $1 BILLION QUARTERLY BOOKINGS MARK

SunFLASH Vol 44 #4					         August 1992 
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I have prepared a quick summary of Sun's fiscal performance for the
last four years to put this article about Sun's most recent Fiscal
year into context. (This data was extracted from previous Sun Press
Releases.) Note that Sun's fiscal year starts July 1st and end June 30th.

Fiscal	   Actual Revenues ( $ millions )	    Revenue Growth (%)
Year	Q1	Q2	Q3	Q4	Year	Q1    Q2    Q3    Q4    FY

92	755	909	952	973	3,589	11.5  20.7  12.3   3.2  11.4

91	677	754	848	943	3,221	25.7  26.7  34.1  34.6  30.6
90	539	595	632	700	2,465	24.9  46.8  27.1  62.4  39.7
89	431	405	497	431	1,765				67.8
88					1,052


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MOUNTAIN VIEW, California -- August 5, 1992 -- Sun Microsystems, Inc.,
(NASDAQ: SUNW) today reported that revenues for its fourth fiscal
quarter ended June 30, 1992 rose to a record level of $972.7 million,
compared to the $942.5 million reported for the corresponding period of
fiscal 1991. Net income for the fourth quarter was $37.7 million, or
$0.37 per share, compared to $66.4 million, or $0.63 per share, for the
same period a year ago. The company's computer systems subsidiary, Sun
Microsystems Computer Corporation, shipped a record 56,000 revenue
units.  SunSoft, Inc., the company's operating system software
subsidiary, distributed a record 78,000 UNIX licenses, demonstrating
continued worldwide leadership in the UNIX marketplace.

For the fiscal year ended June 30, 1992, Sun reported revenues of $3.6
billion, up from $3.2 billion in the prior year. Net income for the
fiscal year was $173.3 million, or $1.71 per share, compared to $190.3
million, or $1.85 per share, in the previous fiscal year.

Kevin C. Melia, Sun's chief financial officer, said, "We are pleased by
our fourth quarter revenue and bookings performance during the current
product transition period. At the time we announced the new
SPARCstation10 products in May, we provided our customers with a
product roadmap that took uncertainty out of their buying decisions
during the transition period. The roadmap gives customers a clearly
defined upgrade path, and provides them with a no-penalty upgrade
option. In addition, we established a new price-performance curve with
the new products that included substantial price reductions on our
existing products. While the price reductions did reduce our gross
margins, much of the margin impact was offset by improvements in our
operating efficiencies. Customer response to the product introduction
and roadmap was very favorable - demand for our products resulted in
record bookings of over $1 billion, record revenues, and record
hardware and software unit shipments."

Melia continued, "Strong bookings and revenues gave us the confidence
to implement a number of incremental investment programs ahead of our
shipments of the new SPARCstation 10 family of products. The
investments were primarily in targeted demand-creation programs and
selective hiring in the sales and marketing functions. In addition, we
are investing to accelerate certain R&D efforts. As a result, our
operating expenses for the quarter were higher than previously
experienced."

"Our efficient operations and aggressive asset management resulted in
continued strong balance sheet performance. Our inventories were at the
lowest level in four years, we set new Sun records in inventory turns
and days sales outstanding, and our cash portfolio rose to a record
level of $1.2 billion," concluded Melia.

Sun Microsystems, Inc., is an integrated portfolio of businesses that
supply distributed computing technologies, products and services. Its
innovative open client-server computing solutions include networked
workstations and multiprocessing servers, operating system software,
silicon designs and other value-added technologies. According to
analysts, the company's products command the largest share of one of
the computer industry's fastest growing market segments: workstations
and servers.  Founded in 1982, Sun is a Fortune 150 company
headquartered in Mountain View, California.

Analyst contact:        Richard H. Van Hoesen (415) 336-0117 Press
contact:          	Cindee Mock (415) 336-3563

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
For information send mail to info-sunflash@sunvice.East.Sun.COM.
Subscription requests should be sent to sunflash-request@sunvice.East.Sun.COM.
Archives are on solar.nova.edu, paris.cs.miami.edu, uunet.uu.net,
src.doc.ic.ac.uk and ftp.adelaide.edu.au

All prices, availability, and other statements relating to Sun or third
party products are valid in the U.S. only. Please contact your local
Sales Representative for details of pricing and product availability in
your region. Descriptions of, or references to products or publications
within SunFlash does not imply an endorsement of that product or
publication by Sun Microsystems.

John McLaughlin, SunFlash editor, flash@sunvice.East.Sun.COM. (305) 776-7770.

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Subject: 44.04 SunFlash: Sun's 4th Quarter, Fiscal Year Results
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