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Sun reports Q1, posts profit

Forbes reported yesterday that Sun divulged results for its fiscal first quarter, which ended September 30, 2007. Revenues were up 1% and margin was up 5% compared with Q1 FY2007.

Sun logoNet income for the first quarter of fiscal 2008 on a GAAP basis was $89 million, or $0.03 per share on a diluted basis, as compared with a net loss of $56 million, or ($0.02) per share, for the first quarter of fiscal 2007. GAAP net income for the first quarter of fiscal 2008 includes a $113 million restructuring charge, which equates to $0.03 per share.

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