Skip navigation
Watchlist Sponsored By :

LATEST TECHNOLOGY VIDEO


Current DateTime: 05:07:11 07 Oct 2008
LinksList Documentid: 19836971
Expiration DateTime: 10/7/2008 5:09:11 AM
Sun Micro Profit Nearly Doubles As Margins Climb
By AP | 24 Jan 2008 | 04:29 PM ET
Text Size

Sun Microsystems said its fiscal 2008 second-quarter earnings nearly doubled as services revenue increased and its gross margin improved.

For the quarter that ended Dec. 30, the server and software maker earned $260 million, or 31 cents per share, compared with $133 million, or 15 cents per share, in the year-ago quarter.

Sun Microsystems Earnings
Paul Sakuma / AP
Sun Microsystems' headquarters in Santa Clara, California.

Sun's revenue rose to $3.62 billion from $3.57 billion in the same quarter last year.

Analysts polled by Thomson financial expected quarterly earnings of 30 cents per share on $3.59 billion in revenue. Analysts typically exclude one-time items from their estimates.

Sun said services revenue rose to $1.37 billion from $1.31 billion, while products revenue declined a bit to $2.25 billion from $2.26 billion.

The company also said its total gross margin as a percentage of revenue came in at 48.5--up 3.5 percentage points when compared with the same quarter last year.

Sun shares [JAVA  Loading...      ()   ] rose 32 cents to $16.44 in after-hours trading, after finishing regular trading at $16.12.    

  More from CNBC.com ...

© 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

HOME  |  NEWS  |  MARKETS  |  EARNINGS  |  INVESTING  |  VIDEO  |  CNBC TV  |  CNBC PLUS  |  CNBC MOBILE  |  CNBC HD+
About CNBC   |   Site Map   |   Privacy Policy   |   Terms of Service   |   Advertise   |   Help   |   Feedback   |   Video Reprints
  Data is a real-time snapshot   *Data is delayed at least 15 minutes

Global Business and Financial News, Stock Quotes, and Market Data and Analysis