Novell reported net income of $16.8 million for its fiscal first quarter of 2008, reversing a sour performance in the same quarter last year that netted a loss of $19.5 million.
The company’s performance produced 5 cents per share, which matched the prediction of analysts polled by First Call/Thomson Financial.
Overall revenue for the quarter was $230.9 million, a nearly 6% increase from the $218.3 million posted in the same quarter in 2007.
Ron Hovsepian, president and CEO of Novell, said in a statement, “We are very pleased with our results this quarter. We delivered product revenue growth across all business units and continued expense control this quarter.”
Novell reported $30 million of revenue from its open platform solutions, which include the SUSE Linux desktop and server. Those two platforms produced $28 million in revenue, a 65% increase over the same quarter a year ago.
The company’s identity and security management division posted $32 million in revenue, of which $28 million was generated by four products: Identity Manager, SecureLogin, Access Manager and Sentinel. Revenue for the division was up 15% over the fiscal first quarter in 2007.
In the systems and resource management division, which includes the ZenWorks suite, revenue was $37 million, a 5% year-over-year jump.
Revenue was $90 million for the Workgroup division, which includes Open Enterprise Server, NetWare and GroupWise, a mere 1% increase over the same quarter last year.
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Comments (2)
RE: SUSE Linux desktop and server help Novell post solid earningsBy Lisa on February 29, 2008, 1:35 pmWhat are the parameters of the NET EARNINGS financial quote / statement? Is this a North American statement? If so, what portion is reflective of the channel? >>...
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troubleshoot in desktopBy Anonymous on October 17, 2008, 8:24 amhi im having novel suse linex in my laptop .Unfortunately by mistaken i pressed some keys during booting from then I did'nt use my graphical mode it always boot...
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