Novell Hits The Red - 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 Hits The Red

Company reports a $12 million net loss for its first quarter as revenue declined.

Infrastructure software and services company Novell Inc. reported a net loss of $12 million for its first quarter, which ended Jan. 31, compared with a gain of $8 million for the same period last year. The company reported the loss on net revenue of $260 million, down from $278 million in the year-ago quarter.

The company cited continued soft demand for networking software and IT consulting as the primary reason for the loss, despite double-digit growth in the company's identity management, Web services, and its ZENworks management software.

The company cited the National Tax Board of Sweden, Pfizer, and Waste Management as new customer wins for its Nsure identity-management software.

Novell's identity-management and secure Web-services software grew 37% year over year to account for $23 million of the company's revenue for the quarter, while its software license and maintenance revenue slipped 5% from last year to $159 million. U.S. and Asia-Pacific revenue both declined year over year, while revenue from Europe, the Middle East, and Africa grew 6%.

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
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

Slideshows
IT Leadership: 10 Ways to Unleash Enterprise Innovation
Lisa Morgan, Freelance Writer,  6/8/2021
Commentary
Preparing for the Upcoming Quantum Computing Revolution
John Edwards, Technology Journalist & Author,  6/3/2021
News
How SolarWinds Changed Cybersecurity Leadership's Priorities
Jessica Davis, Senior Editor, Enterprise Apps,  5/26/2021
Register for InformationWeek Newsletters
Video
Current Issue
Planning Your Digital Transformation Roadmap
Download this report to learn about the latest technologies and best practices or ensuring a successful transition from outdated business transformation tactics.
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