March 3, 2007

Novell's Revenue Sags, Linux Business Soars

OSNews writes ""Novell on Mar. 1 announced preliminary financial results for its 2007 fiscal year first quarter, showing net revenue of USD 230 million. The first quarter's revenue represented a decline of USD 12 million, or about 5 percent, from the prior year's first quarter revenue of USD 242 million. Despite the unexceptional overall results during the first fiscal quarter 2007, however, Novell reported USD 15 million of revenue from Linux Platform Products, up 46 percent year-over-year, and USD 91 million of invoicing, up a whopping 659 percent year-over-year. Linux - make no doubt about it - is Novell's future.""

Link: OSNews

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