Wednesday, August 30, 2006

Novell 3Q profit soars - Boston.com

Maybe "soars" isn't quite the right image...

During the quarter, the company sold its Celerant consulting subsidiary, and booked a $12 million gain on the sale. On a continuing operations basis, which excludes results from businesses that have been, or are in the process of being sold, the company posted a loss of $2.5 million.

The company said revenue from its Linux Platform Products increased 30 percent to $12 million, and that revenue from Identity and Access Management improved 46 percent to $26 million. Open Enterprise Server and Netware product revenue declined 19 percent from last year.

Source: Novell 3Q profit soars - Boston.com

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