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.