Novell Q3 revenues hit by uncertainty over strategy

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Novell Q3 revenues hit by uncertainty over strategy

Simon Quicke

The shadow of a strategic company review, which could include a potential sale, has hit Novell's Q3 numbers as the uncertianty over its future fed through to revenues.

The vendor launched a review of its options for the company going forward back in March and President and CEO of Novell Ron Hovsepian acknowledged that process had taken its toll.

"Our third quarter revenue was below our initial expectations, which we believe is principally related to customer uncertianty associated with the Novell board of directors' on going review of various alternatives to enhance stockholder value," he said.

Net revenues for the three months ended 31 July dropped from $216m in fiscal Q3 last year to $199m and GAAP income remained flat at $21m.

Hovsepian said that its decision to line the company up behind a workload management strategy was paying off, "growth prospects of our target markets remain strong and our focus going forward is on returning to top line growth".


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