News and Trends
SHARE
Facebook X Pinterest WhatsApp

Sun Microsystems Q3 Revenues Fall 20 Percent

Sun Microsystems (NASDAQ:JAVA) grew billings nearly 4 percent year over year in total software, open storage, Solaris-based SPARC CMT servers and X64 servers during its third fiscal quarter, but that was not enough to stop revenue from dropping 20 percent compared with the same period last year. Revenues for the third quarter of fiscal 2009 […]

Written By
thumbnail Kathleen A. Martin
Kathleen A. Martin
Apr 28, 2009
Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Sun Microsystems (NASDAQ:JAVA) grew billings nearly 4 percent year over year
in total software, open storage, Solaris-based SPARC CMT
servers and X64 servers during its third fiscal quarter, but that was not
enough to stop revenue from dropping 20 percent compared with the same period
last year.

Revenues for the third quarter of fiscal 2009 also fell short of analysts
estimates, coming in at $2.61 billion, down from $3.27 billion in the third
quarter of fiscal 2008, and from $3.22 billion in the second quarter of fiscal
2009. Sun has also seen a decrease of 2.2 percentage points in total gross
margin as a percent of revenue.

Sun posted a net loss of $201 million, or 27 cents a share, compared with a
loss of $34 million, or 4 cents a share, for the same period last year, and a
net loss of $209 million in the most recent sequential quarter.

Sun, which was once known for “creating technologies that power the global
marketplace,” entered into a definitive agreement on April 20 to be acquired by
Oracle for $9.50 per share in cash. The transaction is valued at approximately
$7.4 billion, or $5.6 billion net of Sun’s cash and debt.

Sun canceled the customary conference call for financial analysts and investors.

thumbnail Kathleen A. Martin

Recommended for you...

thumbnail Amazon Cuts 14,000 Corporate Jobs Amid AI Push
Channel Analysis
Amazon Cuts 14,000 Corporate Jobs Amid AI Push
Allison Francis
Oct 29, 2025
thumbnail Caylent and Trek10 Join Forces in AWS Partner M&A Deal
Mergers & Acquisitions
Caylent and Trek10 Join Forces in AWS Partner M&A Deal
Allison Francis
Oct 27, 2025
thumbnail Dataminr and ThreatConnect Join Forces for $290M
AI
Dataminr and ThreatConnect Join Forces for $290M
Allison Francis
Oct 23, 2025
thumbnail ShareGate Announces New Program and Advanced Assessments
Security
ShareGate Announces New Program and Advanced Assessments
Jordan Smith
Oct 21, 2025
Channel Insider Logo

Channel Insider combines news and technology recommendations to keep channel partners, value-added resellers, IT solution providers, MSPs, and SaaS providers informed on the changing IT landscape. These resources provide product comparisons, in-depth analysis of vendors, and interviews with subject matter experts to provide vendors with critical information for their operations.

facebook
linkedin
youtube
rss
spotify
x

Company

About us Contact us Advertise with us

Categories

Channel Business Security AI Infrastructure Lists & Awards Resources

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

Terms of Service Privacy Policy California - Do Not Sell My Information