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Novell Reports Financial Results for Third Fiscal Quarter 2008
Novell, Inc. has
announced its third 2008 quarter financial results.
"2008. For the quarter, Novell reported net revenue of $245
million. This compares to net revenue of $237 million for the third fiscal
quarter 2007. Income from operations for the third fiscal quarter 2008 was
$1 million, compared to a loss from operations of $10 million for the third
fiscal quarter 2007. Loss from continuing operations in the third fiscal
quarter 2008 was $15 million, or $0.04 loss per share, due to a $15 million
impairment charge related to our auction-rate securities. This compares to
a loss from continuing operations of $4 million, or $0.01 loss per share,
for the third fiscal quarter 2007."
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