Sun releases final financial figures

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Sun Microsystems has released its last ever third quarter fiscal results, assuming its deal with Oracle goes ahead as planned.

The report showed a net loss for the company of $201 million (£136 million) which translates to $0.27 per share. This is significantly worse than its results for the same quarter in 2008 where it showed a loss of $34 million, a comparative drop in the ocean.

The net loss per share however does include a $46 million restructuring charge from the company restructure in November 2008.

The revenues also showed a significant drop going from $3.266 billion in the third quarter of 2008 to $2.614 billion for the same quarter this year.

More positively, Sun did manage to generate cash flow of $178 million from operations for the third quarter which emerged to be the third positive cash flow quarter in a row.

Oracle would not comment directly on the results as until the acquisition goes through the shareholder and regulatory approval processes Sun is still a separate company.

A spokesperson from Sun said they could not comment on the results.

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