Sun releases final financial figures

published 29 April 2009

Sun Microsystems has released its last ever third quarter fiscal results, assuming its deal with Oracle goes ahead as planned.

The report showed a net loss for the company of $201 million (136 million) which translates to $0.27 per share. This is significantly worse than its results for the same quarter in 2008 where it showed a loss of $34 million, a comparative drop in the ocean.

The net loss per share however does include a $46 million restructuring charge from the company restructure in November 2008.The revenues also showed a significant drop going from $3.266 billion in the third quarter of 2008 to $2.614 billion for the same quarter this year.

More positively, Sun did manage to generate cash flow of $178 million from operations for the third quarter which emerged to be the third positive cash flow quarter in a row.

Oracle would not comment directly on the results as until the acquisition goes through the shareholder and regulatory approval processes Sun is still a separate company.

A spokesperson from Sun said they could not comment on the results.

Jennifer Scott is a former freelance journalist and currently political reporter for Sky News. She has a varied writing history, having started her career at Dennis Publishing, working in various roles across its business technology titles, including ITPro. Jennifer has specialised in a number of areas over the years and has produced a wealth of content for ITPro, focusing largely on data storage, networking, cloud computing, and telecommunications.

Most recently Jennifer has turned her skills to the political sphere and broadcast journalism, where she has worked for the BBC as a political reporter, before moving to Sky News.

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