Sun Microsystems has reported a 31% drop in its revenue for the fourth quarter of 2009, compared to the same period in 2008, as the computer server and software maker’s planned acquisition by Oracle nears completion.
The company posted revenue of $2.62 billion in the fourth quarter of 2009, compared to $3.78 billion in the same period last year. Operating loss for the quarter was $218m, compared to operating income of $63m in the fourth quarter of 2008.
For the quarter ended June 30, 2009, the company posted a net loss of $147m or $0.20 per share, compared to a net profit of $88m or $0.11 per share in the same period a year-ago.
Excluding stock-based compensation and acquisition-related costs and other items, the loss was $0.03 per share, compared with earnings of $0.35 per share in the fourth quarter of 2008.