Sun's storage business was one of the standouts in a mixed bag of second-quarter results last night, reflecting the firm's recent efforts to bulk up this side of its business.
The vendor's total revenues for the quarter were $3.615 billion, up slightly from $3.566 billion in the same quarter last year, and just above analyst estimates of $3.59 billion.
On a GAAP basis, Sun's earnings were 31 cents on net income of $260 million, compared to 15 cents and $133 million in the same period last year. Analysts had estimated earnings of 30 cents.
Sun's overall product revenue dipped half a percent year-over-year to $2.249 billion, with sales of computer systems products down 2.4 percent over the same period to $1.594 billion.
In stark contrast, the vendor enjoyed solid growth in its storage business, posting revenues of $655 million, up 4.6 percent year-over-year.
With the move to the cloud, CISOs must shift priorities from operating security programs to overseeing (monitoring and auditing) outsourced cybersecurity programs.
2022 was a boon year for IT salaries. 2023 came in like a beast with layoffs, raise freezes, and ChatGPT, but that beast has few teeth.
Age is only a number. Don't let a high number cancel your career.
