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BW: VA Linux Systems Reports Record Revenues and Results Beat Consensus Analyst Estimates

May 23, 2000, 21:50 (0 Talkback[s])

"VA Linux Systems, Inc. today reported record revenues of $34.6 million for its fiscal third quarter, ended April 28, 2000."

"Revenues increased 710% from the same quarter in fiscal 1999 and 71% from the prior fiscal quarter. VA also reported that the third quarter loss, excluding non-cash items, of ($0.13) per share beat First Call consensus analyst estimates of ($0.23) per share and improved significantly from ($0.20) per share in the prior fiscal quarter and ($0.17) per share in the third quarter of fiscal 1999. (Loss per share amounts for historical quarters were calculated using pro-forma shares.)"

"VA's shipments of server products during the fiscal third quarter grew more than nine times the market growth rate as reported by IDC. IDC's most recent data shows shipments of Linux servers grew 166% in the fourth quarter of 1999 from the fourth quarter of 1998. Further, in the first 3 quarters of fiscal 2000, VA Linux Systems grew revenues sequentially 90%, 36%, and 71% respectively."

Press Release