Menu
Sun swings to black in fourth quarter

Sun swings to black in fourth quarter

Sun tops its operating margin goal of 4 percent by hitting 8.5 percent in a profitable fourth quarter of its fiscal 2007 in results released Monday.

Sun Microsystems Monday reported it had swung to a fourth quarter profit compared to a loss last year on essentially flat revenues.

Sun posted net income of US$329 million, or US$0.09 a share, on revenue of US$3.835 billion in the three months ended June 30, reversing a loss of US$301 million, or $0.09 a share, on revenue of US$3.828 billion in the same quarter in 2006.

For the year, Sun posted net income of US$473 million, or US$0.13 a share, on revenue of US$13.873 billion, reversing a 2006 loss of US$864 million, or US$0.25 a share, on revenue of US$13.068 billion.

Sun makes servers and storage hardware and developed the Solaris 10 operating system.


Follow Us

Join the newsletter!

Or
Error: Please check your email address.

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments