Novells Profits Rise as Revenue Falls

Published: Jun 6, 2006
Updated: Feb 2, 2021
1 minute read
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On May 31, Novell had both good and bad news for its investors as it announced a net profit of $3 million, or $0.01 per diluted common share, for its second fiscal quarter that ended April 30, 2006.

Although Novell reported that fiscal second quarter revenue had declined year-over-year, from $297 million in the second quarter of 2005 to $278 in the second quarter of 2006, net income for the quarter rose. In the second quarter of 2005, the company had reported a net loss to common stockholders of $16 million, or $0.04 loss per diluted common share.

The reported revenue was also a small jump over the prior quarter, which ended Jan. 31, 2006. At that time, Novell reported revenue of $274 million, compared to revenue of $290 million for the first quarter of fiscal 2005.

During the most recent quarter, Novell reported total Open Platform Solutions revenue of $57 million, which was up from $20 million in the same quarter of fiscal 2005. Total Open Platform Solutions revenue included $46 million from sales of Open Enterprise Server, Novells Linux replacement for NetWare, and $10 million from Linux Platform Products, up 20 percent year-over-year.

/zimages/4/28571.gifRead the full story on Linux-Watch: Novell Earnings: Good News, Bad News

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Steven J. Vaughan-Nichols

I'm editor-at-large for Ziff Davis Enterprise. That's a fancy title that means I write about whatever topic strikes my fancy or needs written about across the Ziff Davis Enterprise family of publications. You'll find most of my stories in Linux-Watch, DesktopLinux and eWEEK. Prior to becoming a technology journalist, I worked at NASA and the Department of Defense on numerous major technological projects.

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