Novell Reports Strong Fourth Quarter - 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 Fourth Quarter

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%.

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
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
How to Create a Successful AI Program
Jessica Davis, Senior Editor, Enterprise Apps,  10/14/2020
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
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