Sun meets earnings forecast, misses on revenue

Company also reports a slowdown in the growth of Java Enterprise System

By Robert McMillan, IDG News Service, 01/17/05

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Net profit for the quarter was 9 million, when calculated on a GAAP (generally accepted accounting principles) basis.

Sun's executives attempted to put a positive spin on the news, pointing to volume growth in the company's Xeon- and Opteron-based systems. The company now has "one of its most rock solid product line-ups in history," company chairman and chief executive officer Scott McNealy said in a statement.

Still, the financial analyst community had been expecting more.

Analyst consensus was for Sun's revenue to be up from the year-ago quarter and reach .93 billion with earnings of body.01 per share, according to a survey of financial analysts by Thomson First Call.

The IDG News Service is a Network World affiliate.