Novell reports increase in profit despite sales decline

Microscope contributor

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.

Join the conversation Comment



    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.