Novell Credits Revenue Rise Largely to Linux
The company saw a 5 percent increase in revenue over the year-ago quarterand subscriptions to its SuSE Linux Enterprise Server product went up by 68 percent.Novell Inc., of Waltham, Mass., on Thursday announced results for its fourth quarter of 2004, ended Oct. 31. The company, which produces collaboration, application integration and other software, reported $301 million in revenues, which represents a 5 percent gain compared with $287 million in revenue for the year-ago quarter. But much of the difference in revenue was represented by $12 million in revenue brought in by Novells SuSE Linux subdivision. Of this amount, $7 million came in from 21,000 subscriptions to the SuSE Linux Enterprise Server product. Novell said this was a 68 percent increase over subscription rates in the third quarter of 2004. Total revenue for the year, Novell said, was $1.2 billion; net income for common stock shareholders came to $31 million, which resolved to 8 cents per diluted share.
Has Microsoft unwittingly become Linuxs biggest patron? Click here for a column.