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Linux: Article

Novell Closes Out with Small Flourish

Said its Linux business excluding Microsoft certificates was up over 40% year-over-year in the quarter
By Maureen O'Gara
Article Rating:
December 6, 2010 07:15 AM EST
Reads:
 4,655

In what is likely to be its last earnings report as a public company Novell said Thursday that it made $322.2 million, or 91 cents a share, in the October quarter by cashing in some deferred tax gains instead of the seven cents a share it would otherwise have realized.

This time last year it lost $255.7 million, or 74 cents a share.

Sales, however, were down 4% to $206.5 million, which was better than the $203.5 million Wall Street expected.

It said its Linux business excluding Microsoft certificates was up over 40% year-over-year in the quarter.

It's working on an 11% margin.

Attachmate is supposed to pay $6.10 a share for the joint with the Novell name surviving.

For the year Novell made $377.4 million, or $1.07 per share, on revenue of $811.9 million against a loss of 62 cents a share, on revenue of $862.2 million last year.

It had $1.1 billion in the bank on Halloween, which Attachmate and its owners will get. Total deferred revenue was $651 million, down from $689 million last year.

Published December 6, 2010 – Reads 4,655
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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