Sun posts fiscal fourth-quarter profit


  • Business Premium
  • Wednesday, 27 Jul 2005

SAN JOSE, California (AP) - Sun Microsystems Inc. posted a fourth-quarter profit, beating Wall Street expectations as the server and software maker said demand has stabilized after a long decline that started with the dot-com bust of 2000. 

For the period ended June 30, Sun reported Tuesday that it earned $121 million (euro100.94 million), or 4 cents (3 euro cents) per share, compared with a profit of $783 million, or 23 cents per share, in the second quarter of fiscal 2004. The year-ago profit included $1.6 billion in other income from a settlement with Microsoft Corp. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

China Nov export growth slows but imports accelerate Premium
Ringgit edges higher against US$ near 4.24 support Premium
Bursa tracks Wall Street higher as Omicron fears wane Premium
Tiong Nam ready to capitalise on demand for warehousing services Premium
Trading ideas: Mah Sing, Yinson, T7 Global, Kelington, Jade Marvel Premium
Norway's Aker Solutions says Malaysia manager cleared of charges Premium
Iraqi oil minister expects oil to reach over US$75 Premium
Global oil CEOs stress need for fossil fuels despite push for cleaner energy Premium
Oil rebounds by almost 5% on Omicron hopes, Iran talks Premium
GLOBAL MARKETS-Stocks rally, dollar gains as Omicron fears ease Premium

Others Also Read


Vouchers