Feeds

Novell pulls in Q2 profit on lower costs

Healthy pink penguins

Providing a secure and efficient Helpdesk

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. ®

Beginner's guide to SSL certificates

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.