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| QUOTE (The Register) | Sun holds onto profit as revenue falls
By Ashlee Vance in Chicago
Posted: 22/07/2003 at 20:24 GMT
Sun Microsystems continued to see revenue slump in its fourth quarter, as hardware sales remain tough to come by.
The server maker posted $2.98 billion in revenue for the period ended June 30. This marks a 13 percent decline compared to the same period a year ago when Sun pulled in $3.42 billion. Net income hit $12 million in the most recent quarter versus $61 million last year. It's good to see Sun stay in the black, but times are clearly tough.
On a positive note, Sun continued to generate cash from operations, which is one of CEO Scott McNealy's favorite items of note. Sun brought in $335 million in the quarter, leaving it with $5.7 billion in the bank. |
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Sun holds onto profit as revenue falls
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