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Suns profits tumbled in its annual results today, as the vendor predicted a tough U.S. spending climate for at least the next six months.
The biggest variable will continue to be the buying patterns of our large base of U.S. customers, said Mike Lehman, the Sun CFO, during a conference call this morning. We dont expect any growth in the U.S. until the second half of the [fiscal] year, and we dont expect a lot.
For the full fiscal year, Sun reported revenues of $13.88 billion, flat compared to the prior year, and in line with analyst estimates. Fourth quarter revenues were $3.78 billion, a decrease of 1.4 percent from $3.835 billion in the same period last year, and in line with analysts projections.
Suns earnings for the full year were 49 cents per share on net income of $403 million, down from 52 cents and $473 million for fiscal 2007. Fourth quarter earnings were 11 cents on net income of $88 million, down from 36 cents and $329 million in the same period last 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.
