Sun posts record 3Q results

Sun posts record 3Q results
Tom Foremski
Leading RISC workstation firm Sun Microsystems reported record results for its fiscal third quarter but said that Asian demand had slowed significantly.
Sun beat analyst estimates with revenues of $2.361bn, an increase of 12 per cent from the same period one year ago. Profits were $232m compared with $197m in the prior year.
“Despite the slowdown in business in Japan and Asia, our balanced portfolio of geographical revenues resulted in operating income of more than 14 per cent,” said Sun CFO Michael Lehman. He added that the company remains cautious about business prospects in Japan and other Asian markets.

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