By Ian Grant
Software, cloud and virtualisation firm Novellreported a slight drop in sales, but increased profits and doubledearnings per share in its first quarter 2010.
Net revenue dropped to $202m from $215m in the first quarter2009. Income from operations was up 50% to $21m, from $14m lastyear. Earnings per share were $0.06 per share, up from $0.03 pershare for the same quarter last year.
Cash, cash equivalents andshort-term investments totalled $991m, up from $983m in theprevious quarter.
Novell CEO Ron Hovsepian said he was pleased with the invoicingrecovery in Novell's security, management and operating platformsbusiness unit and operating margins.