The Register® — Biting the hand that feeds IT

Feeds

Novell does well in Q3

Schmidt triggers change

  • print
  • alert

Magic Quadrant for Enterprise Backup/Recovery

Novell’s third quarter results have beaten analysts' expectations, benefiting from the delayed release of Microsoft’s NT 5.0. The company points to the cost cuts and new products as significant factors in the success. Net income for the period ending 31st July was $26.6 million, compared with a loss of $87.7 million the year before. The networking software company’s revenue rose to $27 million from $90.1 million, as chief exec Eric Schmidt shifted the company focus to software tools allowing some network management to take place over the Web. This shift takes the company out of direct competition with software giant Microsoft. “Basing their new product strategy around the Web is paying off,” said analysts at Preferred Capital Markets. Novell saw its revenues and profits slide last year as many clients defected to the NT system, which is cheaper than Netware. The updated version of Netware is available from Sept 20, but NT 5.0 is not expected to hit the shops until the middle of next year.

Magic Quadrant for Enterprise Backup/Recovery

More from The Register

Thanks, NSA: Amazon sales of Orwell's 1984 rise 9,500%
Citizens of Oceania bone up on the new reality
 breaking news
BBC lied to Parliament about doomed £100m IT monster, thunder MPs
Axed DMI ballooned and burst while watchdogs sang Kumbaya
Microsoft to open Windows Stores inside 600 Best Buy locations
Product showcases 'must be seen to be believed'
 breaking news
Author Iain (M) Banks falls to cancer at 59
Misses the release of his final work
 breaking news
What did the Lehman Brothers implosion look like to a techie?
Insider tells all about the Gnab Gib at Lehmans
It's official: 'tweet' an English word – not just in the avian sense
If the Oxford English Dictionary says it is so, then it is so
 breaking news
The only Waze is Google: Ad giant tipped to gobble map app 'for $1.3bn'
Pac-Man-satnav-ish upstart in bidding war with Apple, Facebook
 breaking news
1-in-10 e-tomes 'are self-published'... most are 'rubbish' says book ed
Publishing man scoffs at go-it-alone writers, ursines still fouling in forests
 breaking news