sunflash-Distributed to mailing list sun/NC/north-carolina sunflash-Send requests, problems to owner-sunflash@suntri.east.sun.com ---------------------------------------------------------------------------- The Florida SunFlash Sun Microsystems Reports Third Quarter Earnings SunFLASH Vol 64 #16 April 1994 ---------------------------------------------------------------------------- 64.16 Sun Microsystems Reports Third Quarter Earnings Sun Microsystems, Inc., (NASDAQ: SUNW) announced that net income for the quarter ended March 27, 1994, was $57.5 million, compared with $51.7 million in the third fiscal quarter a year ago. Earnings per share for the quarter were $0.60, compared with $0.47 in the year-ago period. Revenues for the quarter were $1.196 billion, compared with $1.141 billion in the third quarter of fiscal 1993. (83 lines) ---------------------------------------------------------------------------- Investor Contact: Richard H. Van Hoesen, 415-336-0117 Press Contact: Chuck Mulloy, 415-336-6424 SUN MICROSYSTEMS REPORTS THIRD QUARTER EARNINGS MOUNTAIN VIEW, California -- April 6, 1994-- Sun Microsystems, Inc., (NASDAQ: SUNW) today announced that net income for the quarter ended March 27, 1994, was $57.5 million, compared with $51.7 million in the third fiscal quarter a year ago. Earnings per share for the quarter were $0.60, compared with $0.47 in the year-ago period. Revenues for the quarter were $1.196 billion, compared with $1.141 billion in the third quarter of fiscal 1993. Michael E. Lehman, Vice President and Chief Financial Officer, said, "As we reported last week, we believe our revenue growth was to some extent affected by the recent product introductions as some customers elected to wait for the new products. As a result, total revenues grew less than five percent. However, the effect of the product announcements appeared to be most pronounced in the low-end of the desktop product line. As a result, we shipped a higher proportion of more richly configured systems compared to the prior-year period. The richer product mix resulted in a gross margin percentage of 42.8 percent, the highest in the last six quarters, and earnings per share grew 28 percent over the prior year period." Sun will be reporting the details of the results of the quarter, including an income statement and balance sheet, on April 12. # # # 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. Founded in 1982, Sun is a Fortune 120 company headquartered in Mountain View, California. ********************************************************************** For information about SunFlash send mail to info-sunflash@Sun.COM. Subscription requests should be sent to sunflash-request@Sun.COM. Archives are on draco.nova.edu, ftp.uu.net, sunsite.unc.edu, src.doc.ic.ac.uk and ftp.adelaide.edu.au For last month's digest, send email to flashadm@sun.com with a Subject line of 63.00 For Gopher and WAIS access: sunsite.unc.edu. (Login as 'gopher' for a simple gopher client, 'swais' for a simple WAIS client (over 500 databases). 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. Send brief articles (e.g. third party announcements) and include contact information (non-800#, fax #, email, etc) to: John McLaughlin, SunFlash editor, flash@Sun.COM. +1 305 351 4909