Feeds

Novell makes modest gains in Q1

Ignore the Microsoft infusion

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

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

Beginner's guide to SSL certificates

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
DOUBLE BONK: Testy fanbois catch Apple Pay picking pockets
Users wail as tapcash transactions are duplicated
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
In the next four weeks, 100 people will decide the future of the web
While America tucks into Thanksgiving turkey, the world will be taking over the net
Microsoft EU warns: If you have ties to the US, Feds can get your data
European corps can't afford to get complacent while American Big Biz battles Uncle Sam
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.