Glass Half Full: Novell Begins Year with Wins and Losses
Novell is reporting a current quarter revenue loss, but some wins at the same time.
Novell's first quarter of 2009 results, which ended January 31, showed revenues of $215 million, compared with $231 million for the first quarter a year ago. This in light of $245 million results for the last quarter of 2008. The company holds the foreign currency exchange rate responsible for the loss, although it did benefit operating costs by $11 million. Another monetary exchange benefit came from operations income, which rose by $6 million from $8 million the first quarter of 2008 to $14 million so far this year.
Considering the financial base, Novell recognized a renewed upswing in their Linux product revenue. In the first three months of their fiscal year, the Open Platform Solutions revenue came to $37 million, $35 million (95%) involving Linux products, a 24% increase over the same period last year. This nevertheless shows a declining revenue rate compared to the increase in 2008 over the previous year of 38%.
The revenue for identity and security management products of $28 million was down 8% from the same period last year, with workgroup products similarly down 9% to $81 million. A cash inflow from Microsoft contributed $25 million in the first quarter.
Novell CEO Ron Hovsepian is disappointed and holds the economy responsible. Nevertheless, Novell management "reiterates its target of no less than 10% non-GAAP operating margin in the full fiscal year 2009." Hovsepian emphasizes in the press release that "We are confident about our long-term growth opportunities and remain committed to maintaining our target profitability levels."
Novell is currently pursuing some cost savings through some staff layoffs. They also cancelled their annual BrainShare conference and limited their participation in CeBIT 2009.
Issue 272/2023
Buy this issue as a PDF
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
News
-
An All-Snap Version of Ubuntu is In The Works
Along with the standard deb version of the open-source operating system, Canonical will release an-all snap version.
-
Mageia 9 Beta 2 Ready for Testing
The latest beta of the popular Mageia distribution now includes the latest kernel and plenty of updated applications.
-
KDE Plasma 6 Looks to Bring Basic HDR Support
The KWin piece of KDE Plasma now has HDR support and color management geared for the 6.0 release.
-
Bodhi Linux 7.0 Beta Ready for Testing
The latest iteration of the Bohdi Linux distribution is now available for those who want to experience what's in store and for testing purposes.
-
Changes Coming to Ubuntu PPA Usage
The way you manage Personal Package Archives will be changing with the release of Ubuntu 23.10.
-
AlmaLinux 9.2 Now Available for Download
AlmaLinux has been released and provides a free alternative to upstream Red Hat Enterprise Linux.
-
An Immutable Version of Fedora Is Under Consideration
For anyone who's a fan of using immutable versions of Linux, the Fedora team is currently considering adding a new spin called Fedora Onyx.
-
New Release of Br OS Includes ChatGPT Integration
Br OS 23.04 is now available and is geared specifically toward web content creation.
-
Command-Line Only Peropesis 2.1 Available Now
The latest iteration of Peropesis has been released with plenty of updates and introduces new software development tools.
-
TUXEDO Computers Announces InfinityBook Pro 14
With the new generation of their popular InfinityBook Pro 14, TUXEDO upgrades its ultra-mobile, powerful business laptop with some impressive specs.