TechTarget

Novell reports increase in profit despite sales decline

Network firm Novell reported a slight drop in sales, but increased profits and doubled earnings per share in its...

This Article Covers

Networking

Network firm Novell reported a slight drop in sales, but increased profits and doubled earnings per share in its first quarter 2010.

Net revenue dropped to $202m from $215m in the first quarter 2009. Income from operations was up 50% to $21m, from $14m last year. Earnings per share were $0.06 per share, up from $0.03 per share for the same quarter last year. Cash, cash equivalents and short-term investments totalled $991m, up from $983m in the previous quarter.

Novell CEO Ron Hovsepian said he was pleased with the invoicing recovery in Novell's security, management and operating platforms business unit and operating margins.

CW+

Features

Enjoy the benefits of CW+ membership, learn more and join.

Read more

0 comments

Oldest 

Forgot Password?

No problem! Submit your e-mail address below. We'll send you an email containing your password.

Your password has been sent to:

-ADS BY GOOGLE

SearchCIO

SearchSecurity

SearchNetworking

SearchDataCenter

SearchDataManagement

Close