Novell: More Turnover, but Losses
Novell has published its business figures for the fourth quarter and the fiscal year 2007, and reports losses.
Novell reports an increase in turnover by 10 percent to US$ 245 m for the fourth quarter, which ended October 31, compared to the same period last year. Linux products contributed the lion’s share to turnover gains and were up by 69 percent. Novell earned US$ 23 m with its open platform products, and US$ 22 m with the Linux platform.
Despite increasing turnover, Novell reported a net loss of US$ 17.9 in the last quarter. In the last quarter 2006, Novell reported profits of US$ 19.8 m.
Novell’s total turnover for the fiscal year 2007 was US$ 932 m compared to US$ 919 last year. All told, Novell reports net losses of US$ 44.4 m for 2007 compared with a net profit of US$ 18.6 for 2006.
As reported Novell delayed publication of its quarterly figures and report for the fiscal year 2007 due to queries by the SEC.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
USB4 Maintainer Leaves Intel
Michael Jamet, one of the primary maintainers of USB4 and Thunderbolt drivers, has left Intel, leaving a gaping hole for the Linux community to deal with.
-
Budgie 10.9.3 Now Available
The latest version of this elegant and configurable Linux desktop aligns with changes in Gnome 49.
-
KDE Linux Alpha Available for Daring Users
It's official, KDE Linux has arrived, but it's not quite ready for prime time.
-
AMD Initiates Graphics Driver Updates for Linux Kernel 6.18
This new AMD update focuses on power management, display handling, and hardware support for Radeon GPUs.
-
AerynOS Alpha Release Available
With a choice of several desktop environments, AerynOS 2025.08 is almost ready to be your next operating system.
-
AUR Repository Still Under DDoS Attack
Arch User Repository continues to be under a DDoS attack that has been going on for more than two weeks.
-
RingReaper Malware Poses Danger to Linux Systems
A new kind of malware exploits modern Linux kernels for I/O operations.
-
Happy Birthday, Linux
On August 25, Linux officially turns 34.
-
VirtualBox 7.2 Has Arrived
With early support for Linux kernel 6.17 and other new additions, VirtualBox 7.2 is a must-update for users.
-
Linux Mint 22.2 Beta Available for Testing
Some interesting new additions and improvements are coming to Linux Mint. Check out the Linux Mint 22.2 Beta to give it a test run.