Earnings Roundup: Sun, Lucent, Sybase - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Earnings Roundup: Sun, Lucent, Sybase

Sun Microsystems on Thursday posted a strong second quarter, with earnings jumping 30% over last year's to $353 million. Revenue for the quarter, which ended Dec. 26, was $3.55 billion, up 27% the same period last year.

The company credited strong demand for workgroup servers, high-end servers, and services with helping to fuel growth. Sun CEO Scott McNealy said the strong performance underscores Sun's acceptance as a key provider of Internet technology.

Meanwhile, Lucent Technologies on Thursday reported revenue of $9.91 billion and income of $1.18 billion for the first quarter ended Dec. 31, in line with the lowered profit and revenue figures it had warned investors were coming.

The networking giant cautioned two weeks ago that revenue would be flat and earnings down compared with the $1.52 billion it reported last year. Lucent blamed the shortfall on manufacturing problems in its optical product line and delays in customer deployments. The news stunned Wall Street and sent the company's stock price tumbling. It closed yesterday at 52, down from 72-1/2 before the profit warning.

Sybase Inc. on Thursday reported net income soared to $26.3 million in its fourth quarter ended Dec. 31, making it the second most profitable quarter in the company's history. But the improvement in the database vendor's profitability came despite slow year-over-year sales growth.

Sybase's net income for the quarter compared with a net loss of $14.6 million in the same period last year, which included a $22.4 million restructuring charge. For fiscal 1999, net income reached $62.5 million compared with a loss of $93.1 million in fiscal 1998. Fourth-quarter revenue reached $237.1 million, which represented only a 1.9% gain from the $232.5 million in sales in the same period last year. Sybase reported total revenue for 1999 of $871.6 million, less than 0.5% growth over 1998's revenue of $867.5 million.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Remote Work Tops SF, NYC for Most High-Paying Job Openings
Jessica Davis, Senior Editor, Enterprise Apps,  7/20/2021
Slideshows
Blockchain Gets Real Across Industries
Lisa Morgan, Freelance Writer,  7/22/2021
Commentary
Seeking a Competitive Edge vs. Chasing Savings in the Cloud
Joao-Pierre S. Ruth, Senior Writer,  7/19/2021
Register for InformationWeek Newsletters
Video
Current Issue
Monitoring Critical Cloud Workloads Report
In this report, our experts will discuss how to advance your ability to monitor critical workloads as they move about the various cloud platforms in your company.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll