Sun Microsystems has announced a small year-on-year revenue decline and a much reduced net loss for the second quarter of its 2004 financial year.
The quarter ended 28 December 2003 saw the firm post revenues of $2.888bn, up 13.9 per cent on the previous quarter, but down 0.9 per cent compared with $2.915bn in revenue for the second quarter of 2003.
Net loss for the quarter was $125m, compared with a net loss of $2.283bn for the second quarter of the 2003 financial year.
Total gross margin for the quarter as a per cent of revenues was 41.8 per cent, an increase of 1.7 per cent from the previous quarter - but a decrease of 1.5 per cent compared with the second quarter of 2003.
Steve McGowan, Sun's chief financial officer and executive vice president, corporate resources, said in a statement: "Despite competitive pressures we improved gross margin sequentially due to an ongoing focus on cost management.
"We ended the quarter with a cash and marketable debt securities position of $5.161bn after funding the growth of the business this quarter."
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