SN#20798 Sun Reports Final Results for the First Quarter Fiscal Year 2009
SYSTEM NEWS FOR SUN USERS
Vol 128 Issue 5 2008-10-31 Article 20798 from section "News"
On A Non-GAAP Basis, Net Loss For The First Quarter Of Fiscal 2009 Was $65 Million
Revenues for the first quarter of fiscal 2009 were $2.990 billion, a
decrease of 7.1 percent as compared with $3.219 billion for the first
quarter of fiscal 2008. Total gross margin as a percent of revenues
was 40.2, a decrease of 8.3 percentage points, as compared with the
first quarter of fiscal 2008.
Net loss for the first quarter of fiscal 2009 on a GAAP basis was
$1.677 billion, or $(2.24) per share on a diluted basis, as compared
with a net income of $89 million, or $0.10 per share, for the first
quarter of fiscal 2008. GAAP net loss per share includes a $1.445
billion non-cash charge for goodwill impairment.
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