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
-
Linux Mint 22.3 Now Available with New Tools
Linux Mint 22.3 has been released with a pair of new tools for system admins and some pretty cool new features.
-
New Linux Malware Targets Cloud-Based Linux Installations
VoidLink, a new Linux malware, should be of real concern because of its stealth and customization.
-
Say Goodbye to Middle-Mouse Paste
Both Gnome and Firefox have proposed getting rid of a long-time favorite Linux feature.
-
Manjaro 26.0 Primary Desktop Environments Default to Wayland
If you want to stick with X.Org, you'll be limited to the desktop environments you can choose.
-
Mozilla Plans to AI-ify Firefox
With a new CEO in control, Mozilla is doubling down on a strategy of trust, all the while leaning into AI.
-
Gnome Says No to AI-Generated Extensions
If you're a developer wanting to create a new Gnome extension, you'd best set aside that AI code generator, because the extension team will have none of that.
-
Parrot OS Switches to KDE Plasma Desktop
Yet another distro is making the move to the KDE Plasma desktop.
-
TUXEDO Announces Gemini 17
TUXEDO Computers has released the fourth generation of its Gemini laptop with plenty of updates.
-
Two New Distros Adopt Enlightenment
MX Moksha and AV Linux 25 join ranks with Bodhi Linux and embrace the Enlightenment desktop.
-
Solus Linux 4.8 Removes Python 2
Solus Linux 4.8 has been released with the latest Linux kernel, updated desktops, and a key removal.