The Register - Novell delivers another mediocre Q3
Novells Linux Business kommt nach wie vor nicht zum Fliegen, während dessen sich die Netware Umsätze im freien Fall befinden.
By Ashlee Vance, August 30, 2006, http://www.theregister.co.uk/2006/08/30/novell_q3_06/
You have to hand it to Novell for being consistent. The shrinking software maker has once again posted lackluster financial results - this time during its third quarter.
Novell's third quarter revenue dipped 4 per cent to $241m. Only $12m of that total came from Linux-related sales, marking yet another quarter when Novell's promising new businesses didn't come close to offsetting declining Open Enterprise Server and Netware sales. Revenue for the latter two products fell 19 per cent year-over-year.
On the plus side, Novell's profit increased to $11.6m, or 3 cents a share, from $2.1m or break-even last year.
On the more negative side, Novell revealed that it has kicked off an internal investigation into how it has handled stock-based compensation. For that reason, Novell has characterized its third quarter figures as "preliminary" results.
"The financial results reported today do not take into account any adjustments that may be required in connection with the completion of the stock-based compensation review and should be considered preliminary until Novell files its Form 10-Q for the third fiscal quarter ended July 31, 2006," Novell said.
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