Feeds

NetWare 5 sales see Novell earnings rocket

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

  • alert
  • submit to reddit

Maximizing your infrastructure through virtualization

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. ®

The Power of One Infographic

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.