Novell Cuts Losses Thanks to Linux
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.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
Framework Laptop 13 Pro Competes with the Best
Framework has released what might be considered the MacBook of Linux devices.
-
The Latest CachyOS Features Supercharged Kernel
The latest release of CachyOS brings with it an enhanced version of the latest Linux kernel.
-
Kernel 7.0 Is a Bit More Rusty
Linux kernel 7.0 has been released for general availability, with Rust finally getting its due.
-
France Says "Au Revoir" to Microsoft
In a move that should surprise no one, France announced plans to reduce its reliance on US technology, and Microsoft Windows is the first to get the boot.
-
CIQ Releases Compatibility Catalog for Rocky Linux
The company behind Rocky Linux is making an open catalog available to developers, hobbyists, and other contributors, so they can verify and publish compatibility with the CIQ lineup.
-
KDE Gets Some Resuscitation
KDE is bringing back two themes that vanished a few years ago, putting a bit more air under its wings.
-
Ubuntu 26.04 Beta Arrives with Some Surprises
Ubuntu 26.04 is almost here, but the beta version has been released, and it might surprise some people.
-
Ubuntu MATE Dev Leaving After 12 years
Martin Wimpress, the maintainer of Ubuntu MATE, is now searching for his successor. Are you the next in line?
-
Kali Linux Waxes Nostalgic with BackTrack Mode
For those who've used Kali Linux since its inception, the changes with the new release are sure to put a smile on your face.
-
Gnome 50 Smooths Out NVIDIA GPU Issues
Gamers rejoice, your favorite pastime just got better with Gnome 50 and NVIDIA GPUs.