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Sun profits, revenues up 25 per cent

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Great Satan of Instant Coffee, Sun Microsystems yesterday beat Wall Street predictions by a single cent when it posted its Q3 1999 results. Analysts surveyed by First Call reckoned Sun would make a profit of 35 cents a share -- the company actually made 36 cents a share. And lo, there was much rejoicing. For the quarter ended 28 March, the company collected revenues of $2.94 billion, up 24 per cent on the same period last year and ahead of last quarter's $2.8 billion. For the latest quarter, Sun saw profits of $291.4 million, up 26 per cent on Q3 98's figure. However, the profit falls to $261.2 million once you take into account charges resulting from Sun's acquisition of RAID storage specialist Maxstrat. ®

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