Feeds

NetWare 5 sales see Novell earnings rocket

We're all very happy, says Novell chief -- no Schmidt

  • alert
  • submit to reddit

High performance access to file storage

Novell saw second quarter profits double thanks to soaring sales of NetWare 5. The network software vendor posted net income at $38.7 million for the quarter ended 30 April, up from $19.3 million the previous year. Sales grew 20 per cent to $315.7 million from $262.3 million. Improved business conditions in Asia-Pacific saw revenues soar 23 per cent to $26 million. Turnover in Europe, the Middle East and Africa rose 35 per cent to $105 million, and was especially strong in the UK, Germany, France and the Netherlands. The number two maker of network-management software said US sales increased 13 per cent to $169 million. "It was really pleasing to see that our international business is running quite a bit faster than the US," said Dennis Raney, Novell chief financial officer. "Novell is on its way to becoming a growth company again," said Eric Schmidt, Novell chairman and CEO. "We had planned for growth, but the market's response to NetWare 5 has exceeded our plans. "Novell has never had a stronger new product." Novell was also benefiting from new Web standards-based products and partnerships, that had led to higher performance levels in the California company’s business, said Schmidt. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.