Novell Reports Financial Results for Third Fiscal Quarter 2005

[Posted August 26, 2005 by cook]

Novell, Inc. has announced it's third quarter financial results. ""Customers continue to embrace Novell's Linux and identity solutions," said Jack Messman, Chairman and CEO of Novell. "We were particularly pleased with our initial penetration of the Chinese market where Linux is an attractive technology for government and commercial users. Our increasingly customer-focused, go-to-market approach is leading to a stronger Novell as evidenced by our positive operating cash flow and growth in deferred revenue in the quarter. While we were profitable this quarter, we still have improvements to make in our business which will lead to cost reductions.""