Sun reports another quarter in the red
- 27 January, 2006 07:15
A turnaround continues to elude troubled server vendor, Sun Microsystems. The vendor has posted a $US223 million loss for its most recent fiscal quarter, despite showing a 17 per cent jump in revenue for the period.
Total revenue for the company's second quarter of fiscal 2006 came to $US3.34 billion, up from $US2.84 billion during the year-ago quarter. Sun attributed the jump in revenue, in part, to increased demand for its x64 Sun Fire servers, which use Advanced Micro Devices' Opteron processors.
The once high-flying company has rarely posted a profit over the past five years and this recent quarter was no exception.
The $US223 million loss amounted to $US0.07 per share, and it included $IS145 million in charges relating to the company's recent acquisitions, as well as $US55 million in stock compensation charges and $US10 million in restructuring charges. The loss also includes a $US14 million of a gain on equity investments and a $US3 million tax benefit.
Sun's Q2 ended on December 25, 2005.