Sun makes £131m quarterly loss


Sun makes £131m quarterly loss

Antony Savvas

Sun Microsystems raised sales 17% in the last quarter but still returned a $223m (£131m) loss. This is compared to a slender $4m net profit in the same quarter a year ago.

Sales rose to $3.34bn, but these were helped greatly by the acquisitions of StorageTek and SeeBeyond, last year.

In trying to defend the overall financial performance of the group, Sun’s outgoing chief financial officer Steve McGowan said the company's gross profit margin had increased 0.4%.

Sun is hoping it can return to profitability with the help of its new Galaxy and Niagara server lines.

Sun said its financial performance was not helped by unfavourable exchange rates and its inability to clear a backlog of demand for some of its latest products.

Related Topics: Server hardware, VIEW ALL TOPICS

Email Alerts

Register now to receive IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

COMMENTS powered by Disqus  //  Commenting policy