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Sun exceeds targets

Sun announced results yesterday for its fiscal 2007 year, and they look good. The company grew annual revenues by 6.2%, and increased its profit margin for the year by 2.1% over fiscal 2006. The company made $473M for the year, compared with a loss of $864M last year.

Sun logoSun had trouble with products revenue, which fell over a percentage point during the year, but did well in services (up about 3%).

Shares were up 10% in after hours trading yesterday. SeekingAlpha has some good analysis, as does The Register.

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