$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 ) ) ); ?> Q4 Novell: Revenue Down, Loss Up » Linux Magazine
 

Q4 Novell: Revenue Down, Loss Up

Dec 07, 2009

In its fourth fiscal quarter of 2009, Novell achieved a net revenue of $216 million, a figure down on the $245 million for the same period last year.

The company also reports a Q4 loss of $259 million compared with $16 million in the same quarter 2008. According to the company's report, the loss,"included a $279 million non-cash impairment charge to goodwill and intangible assets." Disregarding these extra expenditures, Novell claims a net profit of $37 million, a practice the denies the general principles of book keeping in the US, (Non GAAP).

Novell's net revenue from its Open Platform Solutions reached $41 million in Q4 of 2009, with Linux contributing $39 million, a rise of 14% compared with the same quarter last year. Identity and Security Management peaked at $32 million, with Identity Access and Compliance Management, the cash cow of the segment, taking losses of 14%. System and Resource Management suffered a revenue minus of roughly the same amount.

For the complete fiscal year 2009, the company recorded a net revenue of $862 million, a loss of $206 million, again influenced by the non-cash impairment. In 2008, Novell had a net revenue of $957 million, and a profit of $5 million.

Ron Hovsepian, President and CEO at Novell, expects a net revenue somewhere between $200 and $210 million for the first quarter of 2010.

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