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 Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Commentary
2021 Outlook: Tackling Cloud Transformation Choices
Joao-Pierre S. Ruth, Senior Writer,  1/4/2021
News
Enterprise IT Leaders Face Two Paths to AI
Jessica Davis, Senior Editor, Enterprise Apps,  12/23/2020
Slideshows
10 IT Trends to Watch for in 2021
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/22/2020
Register for InformationWeek Newsletters
Video
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you.
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