Feeds

Novell looks to Linux to pull it out of the red

Losses, lower revenues in Q4

  • alert
  • submit to reddit

Boost IT visibility and business value

Novell yesterday posted increased quarterly losses on lower revenues but promised its strong commitment to open source will bear fruit over the next year.

For the fourth quarter ending October 31, Novell produced revenues of $287 million compared to revenues of $300 million in Q4 2002 and $283 million in Q3 2003. Net loss in Q4 2003 was $109 million, including $130 million in non-recurring charges (earnings before bad stuff were $19 million). This compares to a net loss of $92 million for the same period last year.

Novell reported revenues of $1.1 billion and a net loss of $162 million for the full fiscal year 2003, compared to a net loss of $247 million with the same $1.1 billion in revenue for FY2002.

Jack Messman, Novell's chairman, president and chief executive officer, said the company was pleased with progress on operating profitability levels.

In August, Novell acquired desktop and server open source developer Ximian. Shortly after the close of Q4, Novell announced its intention to acquire SUSE, the Linux distribution firm.

Messman said the deals further Novell's strategic goals to strengthen its products and services for the Linux platform. ®

Boost IT visibility and business value

More from The Register

next story
NO MORE ALL CAPS and other pleasures of Visual Studio 14
Unpicking a packed preview that breaks down ASP.NET
KDE releases ice-cream coloured Plasma 5 just in time for summer
Melty but refreshing - popular rival to Mint's Cinnamon's still a work in progress
Leaked Windows Phone 8.1 Update specs tease details of Nokia's next mobes
New screen sizes, dual SIMs, voice over LTE, and more
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Mozilla keeps its Beard, hopes anti-gay marriage troubles are now over
Plenty on new CEO's todo list – starting with Firefox's slipping grasp
Apple: We'll unleash OS X Yosemite beta on the MASSES on 24 July
Starting today, regular fanbois will be guinea pigs, it tells Reg
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
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.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.