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Despite red ink, Novell remains upbeat
14 December, 2007
Novell Inc. has announced financial results for its
fourth fiscal quarter and full fiscal year ended Oct.
31, 2007. For the quarter, Novell reported net revenue
of US$245 million, which excludes $6 million of revenue
from its Swiss-based business consulting unit, which
Novell agreed to sell during the quarter. This compares
to net revenue of $234 million for the fourth fiscal
quarter 2006. The loss from operations for the fourth
fiscal quarter 2007 was $13 million, compared to income
from operations of $4 million for the fourth fiscal
quarter 2006. The loss available to common stockholders
from continuing operations in the fourth fiscal quarter
2007 was $9 million, or $0.03 loss per common share.
This compares to income available to common stockholders
from continuing operations of $21 million, or $0.05
per diluted common share, for the fourth fiscal quarter
2006. Foreign currency exchange rates favorably impacted
total revenue by approximately $6 million and did
not materially impact the loss from operations year-over-year.
For the full fiscal year 2007, Novell reported net
revenue of $932 million and a loss available to common
stockholders from continuing operations of $26 million,
or $0.08 loss per common share. Comparatively, net
revenue for the full fiscal year 2006 was $919 million
and income available to common stockholders from continuing
operations was $4 million, or $0.01 per diluted common
share. Foreign currency exchange rates favorably impacted
total revenue by approximately $15 million and negatively
impacted the loss from operations by $5 million year-over-year.
For the fourth fiscal quarter 2007, Novell reported
$23 million of revenue from Open Platform Solutions,
of which $22 million was from Linux Platform Products,
up 69 per cent year-over-year. Linux Platform Products
invoicing was $46 million during the quarter, up 108
per cent year-over-year. Revenue from Identity and
Security Management was $33 million, of which Identity
and Access Management was $30 million, up 27 per cent
year-over-year. Revenue from Systems and Resource
Management was $36 million, up 5 per cent year-over-year.
Workgroup revenue of $88 million was up 1 per cent
year-over-year. Additional information is available
at: http://www.novell.com/company/ir/qresults.
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© Copyright 2006 Integratedmar.com Corporation.
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