Static revenue halts Sun profits


Static revenue halts Sun profits

Eric Doyle
IT directors whose firms own Unix systems from Sun watched the California company's financial results with interest last week.

Sun forecast a slight loss for the first quarter, as sales remain tough to come by in the hardware industry. It predicted that revenue will be close to its first-quarter total last year of $2.86bn (£1.8bn).

Chief financial officer Stephen McGowan said Sun expects to have cut its workforce by 1,000 by the end of the year, with some lay-offs occurring this quarter.

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