Feeds

Novell posts drop in revenues and profits

Pleased with Linux progress

Top 5 reasons to deploy VMware with Tegile

Novell has recorded a $12m drop in revenues for the first quarter of 2007.

The networking software firm reported net revenues of $230m for the period ending 31 January, (Q1 '06: $242m). Novell posted net losses of $19.9m for the quarter, resulting in a loss per share of $0.06, compared with net profits of $1.8m and flat earnings per share for the same period last year.

The results fell short of analysts' expectations of per share earnings of $0.01 and revenue of $233m. Shares in Novell fell six per cent today.

Although Wall Street reacted unfavourably, there was some positive news for Novell in the results, as it reported $15m of revenue from Linux products, up 46 per cent from last year. Despite the boost in Linux sales, revenue from Identity and Access Management was $24m, down seven per cent compared with the first quarter of 2006. Combined revenue from Open Enterprise Server and products related to NetWare dropped 18 per cent.

"We are very pleased with our first quarter Linux results and momentum," said Ron Hovsepian, president and chief executive of Novell, in a statement.

"We have made good progress toward implementing our strategic initiatives and achieving our key fiscal year 2007 milestones. Overall, our quarterly results were mixed and we will need to improve our execution in our identity, security and systems management businesses. We feel confident that we are on the right path to put Novell on target for sustained profitability."

Copyright © 2007, ENN

Beginner's guide to SSL certificates

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

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.
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.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.