Novell’s Linux Business is Booming
Submitted by srlinuxx on Sat, 08/30/2008 - 20:34.
On a superficial level, Novell’s third quarter, which ended July 31, 2008, didn’t look that good. A closer look reveals though that Novell did quite well in general and extremely well with its Linux business.
According to the company press release, “For the quarter, Novell reported net revenue of $245 million.” This was up from Novell’s net revenue of $237 million for the third fiscal quarter 2007. “Income from operations for the third fiscal quarter 2008 was $1 million, compared to a loss from operations of $10 million for the third fiscal quarter 2007. Loss from continuing operations in the third fiscal quarter 2008 was $15 million, or $0.04 loss per share, due to a $15 million impairment charge related to our auction-rate securities.”
OES et al
Novell cut off 10% of its staff last year (more axing to come soon) and it counts as “Linux sales” transitions from its old O/S/es to GNU/Linux (e.g. OES).