Q4 Novell: Revenue Down, Loss Up
In its fourth fiscal quarter of 2009, Novell achieved a net revenue of $216 million, a figure down on the $245 million for the same period last year.
The company also reports a Q4 loss of $259 million compared with $16 million in the same quarter 2008. According to the company's report, the loss,"included a $279 million non-cash impairment charge to goodwill and intangible assets." Disregarding these extra expenditures, Novell claims a net profit of $37 million, a practice the denies the general principles of book keeping in the US, (Non GAAP).
Novell's net revenue from its Open Platform Solutions reached $41 million in Q4 of 2009, with Linux contributing $39 million, a rise of 14% compared with the same quarter last year. Identity and Security Management peaked at $32 million, with Identity Access and Compliance Management, the cash cow of the segment, taking losses of 14%. System and Resource Management suffered a revenue minus of roughly the same amount.
For the complete fiscal year 2009, the company recorded a net revenue of $862 million, a loss of $206 million, again influenced by the non-cash impairment. In 2008, Novell had a net revenue of $957 million, and a profit of $5 million.
Ron Hovsepian, President and CEO at Novell, expects a net revenue somewhere between $200 and $210 million for the first quarter of 2010.
Issue 261/2022
Buy this issue as a PDF
News
-
KaOS 2022.06 Now Available With KDE Plasma 5.25
The newest iteration of KaOS Linux not only adds the latest KDE Plasma desktop but sets LibreOffice as the default.
-
Manjaro 21.3.0 Is Now Available
Manjaro “Ruah” has been released and includes the latest Calamares installer, GNOME 42, and much more.
-
SpiralLinux is a New Linux Distribution Focused on Simplicity
A new Linux distribution, from the creator of GeckoLinux, is a Debian-based operating system with a focus on simplicity and ease of use.
-
HP Dev One Linux Laptop is Now Available for Pre-Order
The System76/HP collaboration Dev One laptop, geared toward developers, is now available for pre-order.
-
NixOS 22.5 Is Now Available
The latest release of NixOS with a much-improved package manager and a user-friendly graphical installer.
-
System76 Teams up with HP to Create the Dev One Laptop
HP and System76 have come together to develop a new laptop, powered by Pop!_OS and aimed toward developers.
-
Titan Linux is a New KDE Linux Based on Debian Stable
Titan Linux is a new Debian-based Linux distribution that features the KDE Plasma desktop with a focus on usability and performance.
-
Danielle Foré Has an Update for elementary OS 7
Now that Ubuntu 22.04 has been released, the team behind elementary OS is preparing for the upcoming 7.0 release.
-
Linux New Media Launches Open Source JobHub
New job website focuses on connecting technical and non-technical professionals with organizations in open source.
-
Ubuntu Cinnamon 22.04 Now Available
Ubuntu Cinnamon 22.04 has been released with all the additions from upstream as well as other features and improvements.