Q4 Novell: Revenue Down, Loss Up
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.
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
-
CachyOS Now Lets Users Choose Their Shell
Imagine getting the opportunity to select which shell you want during the installation of your favorite Linux distribution. That's now a thing.
-
Wayland 1.24 Released with Fixes and New Features
Wayland continues to move forward, while X11 slowly vanishes into the shadows, and the latest release includes plenty of improvements.
-
Bugs Found in sudo
Two critical flaws allow users to gain access to root privileges.
-
Fedora Continues 32-Bit Support
In a move that should come as a relief to some portions of the Linux community, Fedora will continue supporting 32-bit architecture.
-
Linux Kernel 6.17 Drops bcachefs
After a clash over some late fixes and disagreements between bcachefs's lead developer and Linus Torvalds, bachefs is out.
-
ONLYOFFICE v9 Embraces AI
Like nearly all office suites on the market (except LibreOffice), ONLYOFFICE has decided to go the AI route.
-
Two Local Privilege Escalation Flaws Discovered in Linux
Qualys researchers have discovered two local privilege escalation vulnerabilities that allow hackers to gain root privileges on major Linux distributions.
-
New TUXEDO InfinityBook Pro Powered by AMD Ryzen AI 300
The TUXEDO InfinityBook Pro 14 Gen10 offers serious power that is ready for your business, development, or entertainment needs.
-
LibreOffice Tested as Possible Office 365 Alternative
Another major organization has decided to test the possibility of migrating from Microsoft's Office 365 to LibreOffice.
-
Linux Mint 20 Reaches EOL
With Linux Mint 20 at its end of life, the time has arrived to upgrade to Linux Mint 22.