$arr_19 ), array( 3, false, $arr_20, $arr_24 ), array( 2, false, "\" />", $arr_25 ) ) ); ?> $arr_27 ), array( 3, false, $arr_28, $arr_30 ), array( 2, false, "\" />\n\n", $arr_31 ) ) ); ?> array( 2, false, false, $arr_9 ), array( 4, $arr_10, "if", $arr_245, $arr_248 ), array( 2, false, "\n", $arr_249 ) ) ); ?> rr_466 ), array( 4, $arr_467, "if", $arr_482, $arr_484 ), array( 2, false, "\n", $arr_485 ) ) ); ?> Novell Cuts Losses Thanks to Linux » Linux Magazine
 

Novell Cuts Losses Thanks to Linux

Aug 30, 2007

In its third quarter reports, Novell has announced reduced losses accompanied by turnover growth from US$ 236m to US$ 243m.

Novell's third quarter closes July 31. The net loss for the quarter has dropped to US$ 3.42m which is 48 percent less than in the same period last year (US$ 6.5 m).

Novell's losses in the second quarter of 2007 were totaled US$ 2.2m. Novell generated US$ 22m of turnover with its open platform products, 21 million of which are attributable to Linux products. Linux-related turnover has thus risen by 77 percent compared to the previous year's figures. In comparison to this, identity and access management products generated US$ 27m, an increase of just two percent. The turnover in the system and resource management division was US$ 35m, and up four percent compared to last year. Turnover in workgroup applications dropped by 2 percent to US$ 83m.

Novell anticipates a net turnover of between US$ 924 and 955 for the fiscal year 2007, compared to US$ 967 m in 2006.

Novell's quarterly support slightly exceeds analysts' expectations. Novell's share price rose after the announcement from US$ 6.65 to US$ 6.75 at close of trading.

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