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 43_SI: LibreOffice Expert/Special Editions
Buy this issue as a PDF
News
-
EndeavorOS 21.4 Has Arrived
Arch-based EndeavorOS 21.4 is finally available for download with plenty of new features and improvements.
-
NixOS 21.11 Now Available for Download
NixOS “Porcupine” has been made available for installation and includes numerous improvements.
-
KDE Plasma Developers Introduce a GNOME-Like Overview
A new overview effect makes it easier for users to interact with both Plasma Activities and Virtual Desktops.
-
Rocky Linux 8.5 Now Available with Secure Boot Support
The latest iteration of CentOS alternative, Rocky Linux has arrived and includes numerous updates as well as support for Secure Boot.
-
System76 Developing a New Desktop Environment
The makers of Pop!_OS are currently in the early stages of creating a brand new, non-GNOME, desktop environment.
-
Hetzner Opens New Location in the USA
The Hetzner cost-effective Cloud solution has arrived in the United States to offer cloud servers that offer solid performance without a high price.
-
KDE Plasma 5.24 Introduces Fingerprint Reader Support
The next release of the KDE Plasma desktop environment will include support for fingerprint readers for session authentication and more.
-
Ubuntu 21.10 Released and Finally Includes Gnome 40
The most anticipated update to Ubuntu is finally here and the workflow couldn't be better.
-
Linux Can Now Run on Apple’s M1 Chipset
Linux users looking to take advantage of Apple Silicon are about to get their wish with the M1 chipset.
-
MX Linux 21 RC Candidate Available For Testing
The MX Linux development team has released the RC images for MX Linux 21 for testing purposes.