SANTA CLARA, Calif.- Sun Microsystems Inc.’s results for its fiscal third quarter, ended March 30, 2003, reflected lower revenues and relatively flat income per share. Revenues were $2.79 billion, down 10.2 percent from the year-ago quarter, and net income was $4 million or zero cents per share compared with last year’s net loss of $37 million, or one cent per share.
“Although revenue was down, we’re pleased with the increase in both our products and services gross margin percentages, the reduction in SG&A expenses of almost $200 million year over year, the continued investments in R&D, and the generation of $379 million in cash flow from operations,” said Steve McGowan, Sun’s chief financial officer and executive vice president of corporate resources.
