Sun reports horror story first quarter

Sun Microsystems announced a horrific quarter yesterday — a loss for what is now the third quarter in a row. This past quarter resulted in a net loss of $1.68 billion, with a revenue of $2.99 billion. The same quarter last year had a net income of $89 million, and a $3.22 billion revenue. Ouch, that can’t go over too well.

Sun also hinted at possible layoffs in the future, which, while depressing, isn’t all that surprising given the current state of the economy. There were also reports of slowing sales in its main server lines. It seems open sourcing a number of it’s software hasn’t helped either.

Continued after the break.