Sun swings to black in fourth quarter

Sun tops its operating margin goal of 4 percent by hitting 8.5 percent in a profitable fourth quarter of its fiscal 2007 in results released Monday.

Sun Microsystems Monday reported it had swung to a fourth quarter profit compared to a loss last year on essentially flat revenues.

Sun posted net income of US$329 million, or US$0.09 a share, on revenue of US$3.835 billion in the three months ended June 30, reversing a loss of US$301 million, or $0.09 a share, on revenue of US$3.828 billion in the same quarter in 2006.

For the year, Sun posted net income of US$473 million, or US$0.13 a share, on revenue of US$13.873 billion, reversing a 2006 loss of US$864 million, or US$0.25 a share, on revenue of US$13.068 billion.

Sun makes servers and storage hardware and developed the Solaris 10 operating system.

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