Feeds

Novell pulls in Q2 profit on lower costs

Healthy pink penguins

Website security in corporate America

Novell Inc swung to a profit on lower expenses and revenue that rose a slender $4m in its fiscal second quarter.

It reeled in $236m from sales in the Q2 period ended 31 April 2008, compared to $232m for the same quarter a year ago.

Novell said the jump in sales of its Linux business software helped offset a drop in sales at its workgroup networking software division.

Linux and other open platform products drove like-for-like sales up 31 per cent to $30m, while the firm’s workgroup revenue fell one percent to $92m for the quarter. The rest of its revenues comes from services.

Novell brought in net income from continuing operations of $5.9m, or two cents a share, compared with a year earlier loss of $2.9m, or one cent a share.

Operating expenses fell to $173m from $180m while profit from continuing operations, excluding items, was six cents a share, beating Wall Street’s Q2 forecast of five cents.

Novell, which is the world’s second biggest Linux software vendor behind rival Red Hat, reiterated its 2008 net revenue outlook of $940m to $970m.

It added that it still expects non-GAAP operating margin between seven per cent and nine per cent, excluding acquisition-related items.

Shares of Novell rose 14 cents, or 2.1 per cent, to close at $6.71 on Nasdaq. ®

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.