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Article: Novell Posts Wider Loss, License Revenues Down 25%.(fiscal year ended October 31, 2003)(Brief Article)
- Article from:
- Linux Gram
- Article date:
- November 24, 2003
CopyrightCOPYRIGHT 2003 G2 Computer Intelligence. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Novell turned up with a wider loss and lower revenues in its fiscal fourth quarter ended October 31.
The company lost $109 million, or 29 cents a share, including $130 million in non-recurring charges, on revenues of $287 million.
Software license revenues fell 25% to $70.5 million compared to $94.3 million this time last year.
Excluding charges, Novell earned $19 million, or five cents a share, two cents above the Street's calculations.
In 4Q02, Novell lost $92 million, or 25 cents a share, on revenues of $300 million.
"Q4 ...