Feeds

Novell pulls in Q2 profit on lower costs

Healthy pink penguins

Choosing a cloud hosting partner with confidence

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

Whitepapers

Designing and building an open ITOA architecture
Learn about a new IT data taxonomy defined by the four data sources of IT visibility: wire, machine, agent, and synthetic data sets.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
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.