The Channel logo

News

By | John Oates 29th August 2008 10:40

Novell recovery continues

Margins up

Novell increased its estimates for full year revenue yesterday to between $940 and $980m, and said margins for the year were also improving.

Reporting third quarter results, Novell said it brought in revenues of $245m, compared to $237m for the third quarter of 2007. Income from operations was $1m compared to a loss of $10m for the same three months of last year. But this was turned into a loss of $15m for the period because of a debt write-off.

The company made revenues of $33m from Open Platform Solutions - $31m of this from Linux products. Identity and Security Management brought in $37m, but Workgroup product revenues were down one per cent to $92m.

Novell expects margins for the year to be between eight and ten per cent rather than the seven and nine per cent previously forecast. Full statement here. ®

comment icon Read 1 comment on this article alert Send corrections

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede
FBcoldstoragearray
Sorry OpenStack and Open Compute, we're not all Facebook
Gary Kovacs, CEO of AVG. Pic: World Economic Forum
Scammy download sites? Government snooping? Run of the mill for Gary Kovacs