On the same day that Sun Microsystems said it broke the $5bn revenue mark for its most recent quarter, struggling Baan warned that it would report a massive operating loss.
European enterprise resource planning vendor Baan, which is expected to be acquired by UK firm Invensys, said it will report an operating loss of between $85m and $95m for its fiscal second quarter. Revenue is expected to barely reach $80m, compared with sales of $106m in the first quarter of 2000, and $130m in the fourth quarter of 1999.
Rob Ruijter, Baan's chief financial officer, said: "The wait-and-see attitude about the company's viability continues to put significant downward pressure on revenue."
Meanwhile, Sun boasted a 42 per cent increase in its fiscal fourth quarter revenue to $5.01bn, marking the first time in the company's history that sales topped the $5bn mark.
For the three months ending 30 June, net income reached $720.4m, or earnings of 42 cents a share, compared with $395.2m, or 24 cents a share last year. This year's figure includes a $95.8m gain from sales of investments and a $3.1m charge relating to its acquisition of online messaging software company Innosoft.
Excluding the extraordinary items, profit would have been $659.5m or earnings per share of 39 cents, exceeding the 33 cents consensus of Wall Street analysts.
Sun attributed its growth to its hardware sales, which increased by 60 per cent. During the quarter it shipped 100,000 servers and saw its order book increase by 54 per cent to $5.64bn.
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