Sun Microsystems continued to grow at the end of 1997, thanks to investment in research, Unix and Java, with impressive results.
Sun made $223.2 million gross profit in its second quarter to 28 December, up 25 per cent on Q2 1997, on turnover of $2.450 billion, up 18 per cent. Analysts expected profit of around $200 million. Sun?s net profit was cut, however, because it took a charge of $110.1 million related to its acquisitions of Chorus Systems and Encore.
Chief executive Scott McNealy said Sun?s investments in Sparc, Solaris and Java have paid off. "Rumours are that Unix is dying; if this is dying, it sure feels good," he said. Chief financial officer Michael Lehman said Sun plans to spend over $1 billion on research and development in 1998 to remain innovative.
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