Novell reports financial results for third fiscal quarter 2007

[Posted August 30, 2007 by cook]

Novell, Inc. has announced its third quarter fiscal results for 2007. Its Linux platform product revenues have grown 77% in the last year. "For the quarter, Novell reported net revenue of $243 million, compared to net revenue of $236 million for the third fiscal quarter 2006. The loss from operations for the third fiscal quarter 2007 was $10 million, compared to a loss from operations of $40 million for the third fiscal quarter 2006. The loss available to common stockholders from continuing operations in the third fiscal quarter 2007 was $3 million, or $0.01 loss per common share."

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