Novell posts 2nd-qtr profit; Linux sales rise
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Thu, 29 May 2008 20:40:01 GMT |
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Reuters |
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US (Business) |
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BOSTON (Reuters) - Novell Inc turned a quarterly profit, versus a year-earlier loss on lower expenses and a jump in sales of its Linux business software, it reported on Thursday.It posted fiscal second-quarter net income of $5.9 million, or 2 cents a share, compared with a year-earlier loss of $2.9 million, or 1 cent a share.Excluding items, profit from continuing operations was 6 cents a share, ahead of the Wall Street outlook of 5 cents.Revenue rose to $236 million from $232 million. Operating expenses fell to $173 million from $180 million.Novell is the world's second-largest seller of Linux software after Red Hat Inc .(Reporting by Jim Finkle; editing by Jeffrey Benkoe)
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