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
-
System76 Releases COSMIC Alpha 7
With scores of bug fixes and a really cool workspaces feature, COSMIC is looking to soon migrate from alpha to beta.
-
OpenMandriva Lx 6.0 Available for Installation
The latest release of OpenMandriva has arrived with a new kernel, an updated Plasma desktop, and a server edition.
-
TrueNAS 25.04 Arrives with Thousands of Changes
One of the most popular Linux-based NAS solutions has rolled out the latest edition, based on Ubuntu 25.04.
-
Fedora 42 Available with Two New Spins
The latest release from the Fedora Project includes the usual updates, a new kernel, an official KDE Plasma spin, and a new System76 spin.
-
So Long, ArcoLinux
The ArcoLinux distribution is the latest Linux distribution to shut down.
-
What Open Source Pros Look for in a Job Role
Learn what professionals in technical and non-technical roles say is most important when seeking a new position.
-
Asahi Linux Runs into Issues with M4 Support
Due to Apple Silicon changes, the Asahi Linux project is at odds with adding support for the M4 chips.
-
Plasma 6.3.4 Now Available
Although not a major release, Plasma 6.3.4 does fix some bugs and offer a subtle change for the Plasma sidebar.
-
Linux Kernel 6.15 First Release Candidate Now Available
Linux Torvalds has announced that the release candidate for the final release of the Linux 6.15 series is now available.
-
Akamai Will Host kernel.org
The organization dedicated to cloud-based solutions has agreed to host kernel.org to deliver long-term stability for the development team.