By ReutersInformationWeek
Fiscal second-quarter net income came to $5.9 million, or 2
cents a share, compared with a year-earlier loss of $2.9
million, or 1 cent a share.
Excluding items, profit from continuing operations was 6
cents a share, ahead of the Wall Street outlook of 5 cents.
Revenue rose to $236 million from $232 million. Operating
expenses fell to $173 million from $180 million.
The company's shares rose 1% to $6.80 in extended
trade after closing up 2.1% to $6.71 on Nasdaq.
Novell is the world's second-largest seller of Linux
software after Red Hat.
Sales of Linux software and other programs in Novell's open
platforms group rose 31% to $30 million.
The increase helped offset a 1% drop in sales at its
workgroup networking software division to $92 million.
The company reiterated its previous forecast for full-year
net revenue of $940 million to $970 million.
It also said it still expects non-GAAP operating margin
between 7% and 9%, excluding acquisition-related
items.
(Reporting by Jim Finkle; editing by Jeffrey Benkoe)
Copyright 2008 Reuters. Click for Restrictions
As per UBM LLC's agreement with Reuters, this story will be removed from this site after 30 days.
See original article on InformationWeek
0 comments:
Post a Comment