Sun shows profitPalo Alto 18 January 2001 Sun reported revenues for the second quarter of $5.115 billion, up 44 percent compared with the second quarter of fiscal 2000. Orders for the second quarter were $4.953 billion, representing a year over year increase of 32 percent. Net income for the second quarter was $552 million, up 56 percent compared with last year's net income of $354 million.
During the second quarter of fiscal 2001, Sun completed the acquisition of
Cobalt Networks, Inc. for $2.061 billion in Sun common stock and stock options.
For the first six months of fiscal 2001, Sun reported revenues of $10.160
billion, up 52% over the corresponding period a year ago. Net income was $1.062
billion, compared with net income of $629 million for the first six months of fiscal 2000, increases of 69% and 63%,
respectively.
Including gains on the sale of equity investments and acquisition related
charges, reported net income for the first six months of fiscal 2001 was $933
million , compared with $625 million in
fiscal 2000.
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