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Novell closed its fiscal year on an upswing Tuesday,reporting $345 million in fourth-quarter revenue, a 16%
increase over the same quarter last year. Year-over-year
revenue increased to $1.273 billion, a 17% increase over
1998 annual revenues. Per-share earnings were 21 cents for the
quarter, beating analyst estimates by 4 cents, and 55 cents
for the year, beating analyst estimates by 5 cents.
In the past year, Novell has watched sales of its server and
application software grow substantially. Revenue from
NetWare grew 24% to $659 million, while revenue from
BoarderManager, Novell Directory Services for NT, and
ZenWorks for Workstations increased 39% to $315 million.
Despite this growth, going forward Novell will rely less on
its traditional business model and its traditional customer
base, according to CEO Eric Schmidt, who says that the
company is entering a "new phase" as it focuses on the
Internet market. Schmidt says Novell will announce in
January a number of "E-services" intended to improve the
security of and mobile access to the Internet.
Novell's stock closed at 22, down 7%.
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