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Linux distributor Novell has published the financial results of its second fiscal quarter of 2010. Compared to the second quarter of 2009, net revenue fell slightly from $216 million to $204 million
Novell's Linux business is keeping the company buoyant in trying economic times, the company's third-quarter earnings indicate. On Thursday, the software maker published its third-quarter results, which revealed that revenue from its Linux platform products had increased 22 percent, year-on-year, to US$38 million.
Tightening of the belt has seemingly paid off for Novell. The enterprise earned 38 million USD in the last quarter with Linux products. Novell’s turnover for the third quarter this year is lower than that of the third quarter last year, but the figures are still in the black. Novell closed out 2009’s third quarter with a profit of 17 million USD.
Novell beat Wall Street's estimates with a solid third quarter, but the real story is in its continued Linux growth. Net revenue rose to $245 million from $237 million in 2007, but Novell's third-quarter loss quadrupled to $15.1 million from $3.7 million in 2007.
Novell Wednesday reported the net income loss for the third quarter of its 2007 fiscal year fell by nearly 50% compared to the same quarter last year, and the company said revenue was up nearly 3% to $243 million.
Novell today claimed to have more certified software partners than rival Linux providers. The chest pumping represents Novell’s latest thinly veiled attack against Red Hat. But take a closer look at Novell’s claims and you’ll see why Red Hat may take issue with some of Novell’s statements.
Novell's channel partners have not been happy lately. Novell knows that, and on Nov. 19, the Linux power announced a new initiative to increase revenue and profitability for solution providers and consulting partners that specialize in selling Novell technologies.
