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
-
Working Exploit for a Linux Kernel Flaw Made Public
Even before a bug received its CVE identifier or an upstream fix, the local privilege escalation vulnerability exploit found its way into the wild.
-
r/opensource Bans AI-Assisted and AI-Related Projects
The de facto subreddit for all things open source has not only banned AI-related projects but also users who "don't speak English."
-
Bottlenecks Discovered by Meta Engineers Lead to Scalability Improvements
Thanks to a small group of engineers at Meta, the Linux kernel module kernfs has been improved, which has led to some serious gains.
-
PwnEscape Poses VM Vulnerability
A guest-to-host escape flaw in Linux KVM, named PwnEscape, might be yet another means of attacking Linux.
-
Linux Mint 27 Set for a Christmas Release
The developers behind Linux Mint have announced a Christmas release, and it looks like Santa's sack will be brimming with features.
-
Is Linus Torvalds Vibe Coding?
The creator of Linux has added AI into his process for Linux kernel development, and it's more than just for debugging.
-
openKylin 3.0 Released with Expanded AI Integration
The latest release features a pre-installed AI agent to help perform tasks.
-
DigitalOcean Ends Open Source Credits Program
In a change that has surprised many open source developers, DigitalOcean has decided to sunset its Open Source Credits Program.
-
Office 365 Available for Testing on Linux via Bottles
Linux users can now test the official Office 365, thanks to Mirko Brombin's work on Bottles.
-
Dutch Government Turns to Open Source for Digital Sovereignty
Following in the footsteps of other European countries, the Netherlands is looking to increase its sovereign digital infrastructure with open source software.