Sun Microsystems Q109 Quaterly Results Release

Sun Microsystems reported financial results for the first quarter of 2009. Total revenue declined 7% year-over-year to $2.99 billion. Gross margin declined to 40.2% from 48.5% in the previous year. The company reported a net loss of $1.68 billion compared to net income of $89 million in the previous year. Billings for systems and software declined 17% and 27% year-over-year respectively. Support services revenue declined 2% while professional services revenue increased 1% over the same period last year.