Friday, August 26, 2005

CRN | Breaking News | Novell 3Q Profits Fall 92 Percent

CRN | Breaking News | Novell 3Q Profits Fall 92 Percent: "Sales of Novell's products -- which includes its flagship NetWare network server operating system -- fell to $290.2 million from $304.6 million in the year-ago period. New software licenses during the period fell to $45.6 million from $57 million last year. The company said currency exchange rates boosted revenue by about $4 million, but did not affect net income.
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'While we were profitable this quarter, we still have improvements to make in our business which will lead to cost reductions,' said Jack Messman, chairman and chief executive, in a statement. The company did not outline cost-cutting plans in a press release. "
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