Jul 26, 2005 (02:07 PM EDT)
Sun Suffers Net Loss, Revenue Down For Fiscal Year

Read the Original Article at InformationWeek

Sun Microsystems on Tuesday reported growth in server shipments for its recently completed fiscal year, including more than 100% growth in its x86-based server shipments.

For the year ended June 30, Sun reported a net loss of $11 million on revenue of $11.07 billion, compared with a net loss of $388 million on revenue of $7.36 billion in the previous fiscal year. For the fiscal fourth quarter, Sun reported net income of $121 million on revenue of $2.98 billion, compared with net income of $783 million on revenue of $2.07 billion in the same quarter a year ago.

For the year, Sun saw 9% overall server unit growth, with particularly strong growth in one- to eight-way servers, chairman and CEO Scott McNealy says. Unit sales of servers based on Advanced Micro Devices Inc.'s Opteron processor were up 105% for the year.

This story was modified on July 28 to correct Sun's quarterly and annual revenue.