Novell Revenues, Earnings Rebound
Novell saw revenues climb and losses turn to profits in its fiscal third quarter ended July 31.Novell Inc. saw revenues climb and losses turn to profits in its fiscal third quarter ended July 31. The Provo, Utah-based Internet software and services provider reported revenues of $282.3 million in the quarter, up from $249.1 million in the same year-ago period. After losing $19.3 million in last years fiscal third quarter, Novell turned a $9.9 million profit in the quarter this year. Novells software business provided most of that revenue with $206 million, including $170 million for large network site licenses and $26 million for packaged software licenses. Consulting services, product support and education revenuenot included in site-licensestotaled $80 million, officials said.
The U.S. market was the leading revenue producer, accounting for $143 million in revenue, with Europe, the Middle East and Africa accounting for $102 million.