Novell Reports Strong 2Q Revenue, Income - 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

Novell Reports Strong 2Q Revenue, Income

Novell continues its return to steadier financial ground, reporting yesterday that revenue and net income rose in its fiscal second quarter.

The company reported revenue of $316 million, a 20% increase over its second-quarter 1998 revenue of $262 million. Net income more than doubled: Novell earned nearly $39 million during the quarter ended April 30, up from $19 million in the second quarter last year. Year to date, net income, which Novell reported at almost $68 million, is also nearly double last year's figure.

Analysts credit Novell with delivering network operating system and directory software at a time when the next releases of Microsoft's Windows 2000 operating system and Active Directory software remain mired in delay. "Microsoft gave them an opening here with the delay in Windows 2000, and Novell has taken good advantage of it," says Chuck Phillips, a software industry analyst at Morgan Stanley Dean Witter & Co. in New York. "They recognize that customers need to make [product] decisions now."

Phillips predicts Novell will remain on solid financial footing until at least early next year, when Microsoft releases its new operating system as well as Active Directory, which will compete head to head with Novell Directory Services.

Novell's stock closed yesterday at 23 3/4, down 1/4, prior to the earnings announcement.

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!
Slideshows
IT Careers: 10 Industries with Job Openings Right Now
Cynthia Harvey, Freelance Journalist, InformationWeek,  5/27/2020
Commentary
How 5G Rollout May Benefit Businesses More than Consumers
Joao-Pierre S. Ruth, Senior Writer,  5/21/2020
News
IT Leadership in Education: Getting Online School Right
Jessica Davis, Senior Editor, Enterprise Apps,  5/20/2020
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