Feeds

Novell makes modest gains in Q1

Ignore the Microsoft infusion

  • alert
  • submit to reddit

Website security in corporate America

Novell had a pretty lackluster first quarter if you ignore a stunning $448m one-time gain from settling an antitrust suit with Microsoft.

The software maker reported revenue of $290m for the period, which compares to revenue of $267m in the same quarter last year. Favorable currency exchange rates gave Novell a $10m boost in this year's first quarter.

"Novell made steady progress on executing its strategy this quarter. We still have work ahead of us as we continue to reposition the company in our growth markets," said Jack Messman, chairman and CEO of Novell.

The company earned $392m or 90 cents a share during the first quarter. This total compares to $10m or 3 cents per share earned one year earlier. But excluding unusual gains and charges, Novell would have earned just $10m in its most recent quarter, leaving it flat versus last year.

The most significant unusual item was the Microsoft settlement, which dates back to November last year. The other items include a $6m restructuring charge, a $1m investment charge and a $2m property sale gain.

Novell's Linux business remains small. Its SuSE unit brought in $15m in revenue during the first quarter. That total includes $7m worth of SuSE Linux Enterprise Server sales. ®

Related stories

How my wasted roommate dodged Linux and other lessons
DRM and daft lawsuits win no friends at El Reg
SCO faces ejection from Nasdaq
Key Windows man leaves Redmond

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Hey, Scots. Microsoft's Bing thinks you'll vote NO to independence
World's top Google-finding website calls it for the UK
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.