Glass Half Full: Novell Begins Year with Wins and Losses
Novell is reporting a current quarter revenue loss, but some wins at the same time.
Novell's first quarter of 2009 results, which ended January 31, showed revenues of $215 million, compared with $231 million for the first quarter a year ago. This in light of $245 million results for the last quarter of 2008. The company holds the foreign currency exchange rate responsible for the loss, although it did benefit operating costs by $11 million. Another monetary exchange benefit came from operations income, which rose by $6 million from $8 million the first quarter of 2008 to $14 million so far this year.
Considering the financial base, Novell recognized a renewed upswing in their Linux product revenue. In the first three months of their fiscal year, the Open Platform Solutions revenue came to $37 million, $35 million (95%) involving Linux products, a 24% increase over the same period last year. This nevertheless shows a declining revenue rate compared to the increase in 2008 over the previous year of 38%.
The revenue for identity and security management products of $28 million was down 8% from the same period last year, with workgroup products similarly down 9% to $81 million. A cash inflow from Microsoft contributed $25 million in the first quarter.
Novell CEO Ron Hovsepian is disappointed and holds the economy responsible. Nevertheless, Novell management "reiterates its target of no less than 10% non-GAAP operating margin in the full fiscal year 2009." Hovsepian emphasizes in the press release that "We are confident about our long-term growth opportunities and remain committed to maintaining our target profitability levels."
Novell is currently pursuing some cost savings through some staff layoffs. They also cancelled their annual BrainShare conference and limited their participation in CeBIT 2009.
Issue 268/2023
Buy this issue as a PDF
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Find SysAdmin Jobs
News
-
LibreOffice 7.5 has Arrived and is Loaded with New Features and Improvements
The favorite office suite of the Linux community has a new release that includes some visual refreshing and new features across all modules.
-
The Next Major Release of Elementary OS Has Arrived
It's been over a year since the developers of elementary OS released version 6.1 (Jólnir) but they've finally made their latest release (Horus) available with a renewed focus on the user.
-
KDE Plasma 5.27 Beta Is Ready for Testing
The latest beta iteration of the KDE Plasma desktop is now available and includes some important additions and fixes.
-
Netrunner OS 23 Is Now Available
The latest version of this Linux distribution is now based on Debian Bullseye and is ready for installation and finally hits the KDE 5.20 branch of the desktop.
-
New Linux Distribution Built for Gamers
With a Gnome desktop that offers different layouts and a custom kernel, PikaOS is a great option for gamers of all types.
-
System76 Beefs Up Popular Pangolin Laptop
The darling of open-source-powered laptops and desktops will soon drop a new AMD Ryzen 7-powered version of their popular Pangolin laptop.
-
Nobara Project Is a Modified Version of Fedora with User-Friendly Fixes
If you're looking for a version of Fedora that includes third-party and proprietary packages, look no further than the Nobara Project.
-
Gnome 44 Now Has a Release Date
Gnome 44 will be officially released on March 22, 2023.
-
Nitrux 2.6 Available with Kernel 6.1 and a Major Change
The developers of Nitrux have officially released version 2.6 of their Linux distribution with plenty of new features to excite users.
-
Vanilla OS Initial Release Is Now Available
A stock GNOME experience with on-demand immutability finally sees its first production release.