Sun Microsystems, Inc., a leading U.S. IT firm, reported on Monday its results for its fourth quarter and full fiscal year, which ended June 30, 2007, exceeding its operating margin target.
Revenues for the fourth quarter of fiscal 2007 were 3.835 billion dollars.
For the full fiscal year, the company reported revenues of 13. 873 billion dollars, an increase of 6.2 percent over fiscal year 2006.
Net income for the quarter was 329 million dollars, or 9 cents per share on a diluted basis. For the full fiscal year, net income was 473 million dollars, or 13 cents per share, on a diluted basis, as compared with a net loss of 864 million dollars, or 25 cent loss per share, for fiscal 2006.
"With a solid strategy and consistent execution, we delivered on our commitment to achieve at least 4 percent operating margin in the fourth quarter," said Jonathan Schwartz, president and CEO of Sun Microsystems.
"This milestone marks significant progress toward our longer- term growth plan of at least 10 percent operating margin for the full fiscal year 2009," he added.
Source: Xinhua
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