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Sun makes £172m loss for quarter

Antony Savvas

Sun Microsystems has posted a $301m (£172m) loss for its latest financial quarter.

Most of the losses were down to restructuring charges, with the company taking a $228m charge to cover up to 5,000 job losses.

The loss for the three months ended 30 June compared to a $50m net profit for the same quarter a year ago.

Sun's sales did however jump 29% to $3.83bn, in a quarter which saw new chief executive officer Jonathan Schwartz complete his first three months in charge, after replacing Scott McNealy.

There were revenue gains through greater shipments of x86 servers and the low-end T1000 and T2000 servers, which use Sun’s new UltraSparc T1 processors.

Sun is trying to further increase its sales through more software sales. For the quarter, Sun added 57,000 new subscriptions for its Java Enterprise System (JES) server software.

Sun now has around 1.18 million JES subscribers.


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