Earnings Roundup: Novell, Cambridge Technology Partners - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

Earnings Roundup: Novell, Cambridge Technology Partners

Citing strong demand for E-business-related products, Novellon Thursday reported solid gains in first-quarter sales and profits. For the period that ended Jan. 31, the company posted net income of $45 million, up 55% over the year-ago period. Earnings were 13 cents per share on a diluted basis, up 5 cents from last year. Net revenue rose 11% to $316 million, from $286 million last year.

Geographically, Novell experienced the highest revenue gains in the Asia-Pacific region, where sales increased 22% to $27 million from the same quarter last year, while U.S. revenue rose 6% to $166 million in the quarter.

Meanwhile, Cambridge Technology Partners Inc. reported lower sales and profits for its fourth quarter, which ended Dec. 31. The company posted revenue of $145 million, compared with $160.2 million for the same quarter last year. Ending the quarter in the red, the company reported a loss of $17.3 million, or 28 cents a diluted share, vs. a profit of $16.3 million, or 26 cents a share, in the same period last year.

For the year, revenue was up to $628.1 million from $612 million for 1998. Net income, however, fell to $2.1 million, or 3 cents a diluted share, from $51.9 million, or 83 cents a share, for 1998.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
News
IT Spending Forecast: Unfortunately, It's Going to Hurt
Jessica Davis, Senior Editor, Enterprise Apps,  5/15/2020
Commentary
Helping Developers and Enterprises Answer the Skills Dilemma
Joao-Pierre S. Ruth, Senior Writer,  5/19/2020
Slideshows
Top 10 Programming Languages in Demand Right Now
Cynthia Harvey, Freelance Journalist, InformationWeek,  4/28/2020
Register for InformationWeek Newsletters
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll