"VA Linux Systems, Inc. (Nasdaq: LNUX) today reported record
revenue of $56.1 million for the fiscal first quarter, 2001, ended
October 27, 2000, an increase of 278% compared to the same period
of fiscal 2000 and an increase of 11% compared to the prior fiscal
quarter. VA Linux also reported a fourth quarter net loss,
excluding non-cash items, of ($0.15) per share, an improvement from
($0.27) per share in the first quarter of fiscal 2000. These
revenue and EPS results are in line with indications provided in
the Company's press release dated November 6, 2000."
"While top and bottom-line results did not meet our expectations
for the quarter, we remain optimistic about our prospects for
growth in the future. We remain committed to profitability,
excluding non-cash charges, no later than the end of calendar 2001
and we anticipate revenue for fiscal 2001 to be approximately 2.25
times fiscal 2000 revenue," said Dr. Larry M. Augustin, president
and CEO, VA Linux Systems. "Our recent new product and service
introductions continue to differentiate us as the leading provider
of complete Linux solutions, leveraging our Linux expertise through
systems, professional services and the Web. In addition, we expect
our initiatives to broaden the customer base to position us for
further success in the future."
"In September, the International Data Corporation (IDC) released
its Worldwide Quarterly Server Tracker for calendar Q2 2000,
ranking VA Linux second in the US, and third worldwide in Linux
server market share, in terms of factory revenue. IDC's data shows
that VA Linux grew its US revenue market share to 20% in calendar
Q2 2000. From calendar Q1 to Q2 2000, the overall market for Linux
servers grew by 54% in the US, sequentially."
Some of the products that appear on this site are from companies from which QuinStreet receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. QuinStreet does not include all companies or all types of products available in the marketplace.