Sun shines with US$67m profits

27 Apr 2007

Sun Microsystems, which employs 200 people in Ireland, has reported third-quarter revenues of US$3.2bn, up 3.3pc on last year.

Total gross margin as a percentage of revenues was 44.5pc, an increase of 1.5pc.

The company reported profits of US$67m, compared with a net loss of US$217m last year.

Cash generated during the quarter was US$175m and Sun has cash and asset reserves of US$5.4bn in the bank.

“With another quarter of profitability, we’re seeing continued progress operationally, strategically and financially, and we remain committed to our fourth-quarter goal of at least 4pc operating profit,” said Jonathan Schwartz, president and CEO of Sun Microsystems.

“The performance in our software and services businesses confirms the broad appeal of our software offerings in the quarter, and we look forward to further extending the reach of the Solaris 10 Operating System and leveraging strong partnerships with AMD, Fujitsu and Intel.

“Along with disciplined financial execution, we’re focused on growth and look forward to increased momentum in the fourth quarter, fuelled by the continued rise of Java, increased adoption of Solaris and the competitiveness of our core systems and storage innovations,” Schwartz said.

By John Kennedy