Jim also raised guidance from 100 million to 110-115 million....Dont be surprised if we get another announcement in 3 months that he raises it again....
Revenues are meaningless if were not making money.......And were making money!!!
The $1.8M charge for stock based compensation because they issued shares for meeting performace goals took a big bite out of their earnings/share. They would have reported $0.13/share without this non-cash charge. So GAAP was only $0.03/share, but $0.13 non-GAAP.
I doubt most investors will realize this and the headlines will probably say that SUNW missed by $0.02/share.
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