Novell’s third-quarter loss widens, but Linux booms by 30 percent

Novell beat Wall Street’s estimates with a solid third quarter, but the real story is in its continued Linux growth. Net revenue rose to $245 million from $237 million in 2007, but Novell’s third-quarter loss quadrupled to $15.1 million from $3.7 million in 2007. The company reported that annual adjusted operating margin to be between eight to ten percent, up from earlier expected seven to nine percent.