Monday, April 24, 2006

Sun Microsystems back on the growth path

Sun Microsystems has just delivered their latest quarterly results. And they show that Sun is finally back on the growth path. Earnings were better than expected on a small loss (largely thanks to acquisition charges) and revenues were up nicely. Sun's share price followed the upwards trend.

Sun said it had a net loss of $217 million, or 6 cents per share, for its fiscal 3rd quarter ended March 26, compared with a year-ago net loss of $28 million, or 1 cent per share. Revenue rose 21% to $3.18 billion.

It looks Sun's their acquisitions are paying off. And their open source software strategy looks timely. Next up will be their new line of Galaxy servers. If they do well, as they should, 2006 could prove a dicisive year for Sun.

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