Novell: More Turnover, but Losses
Novell has published its business figures for the fourth quarter and the fiscal year 2007, and reports losses.
Novell reports an increase in turnover by 10 percent to US$ 245 m for the fourth quarter, which ended October 31, compared to the same period last year. Linux products contributed the lion’s share to turnover gains and were up by 69 percent. Novell earned US$ 23 m with its open platform products, and US$ 22 m with the Linux platform.
Despite increasing turnover, Novell reported a net loss of US$ 17.9 in the last quarter. In the last quarter 2006, Novell reported profits of US$ 19.8 m.
Novell’s total turnover for the fiscal year 2007 was US$ 932 m compared to US$ 919 last year. All told, Novell reports net losses of US$ 44.4 m for 2007 compared with a net profit of US$ 18.6 for 2006.
As reported Novell delayed publication of its quarterly figures and report for the fiscal year 2007 due to queries by the SEC.
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
-
Debian Unleashes Debian Libre Live
Debian Libre Live keeps your machine free of proprietary software.
-
Valve Announces Pending Release of Steam Machine
Shout it to the heavens: Steam Machine, powered by Linux, is set to arrive in 2026.
-
Happy Birthday, ADMIN Magazine!
ADMIN is celebrating its 15th anniversary with issue #90.
-
Another Linux Malware Discovered
Russian hackers use Hyper-V to hide malware within Linux virtual machines.
-
TUXEDO Computers Announces a New InfinityBook
TUXEDO Computers is at it again with a new InfinityBook that will meet your professional and gaming needs.
-
SUSE Dives into the Agentic AI Pool
SUSE becomes the first open source company to adopt agentic AI with SUSE Enterprise Linux 16.
-
Linux Now Runs Most Windows Games
The latest data shows that nearly 90 percent of Windows games can be played on Linux.
-
Fedora 43 Has Finally Landed
The Fedora Linux developers have announced their latest release, Fedora 43.
-
KDE Unleashes Plasma 6.5
The Plasma 6.5 desktop environment is now available with new features, improvements, and the usual bug fixes.
-
Xubuntu Site Possibly Hacked
It appears that the Xubuntu site was hacked and briefly served up a malicious ZIP file from its download page.