Novell has reported a net income of $16m, or $0.05 per share for the second quarter ended April 30, 2009, compared to a net income of $6m, or $0.02 per share for the same period last year.
The company’s net revenue was $216m for the quarter, a decrease of 8.47% compared to net revenue of $236m in 2008.
The company said that in the second quarter of 2009, foreign currency exchange rates negatively impacted net revenue by $6m compared to the same period of 2008.
Product revenue from Open Platform Solutions was $39m, of which $37m was from Linux Platform products, up 25% compared to the same period last year. Revenue from Identity and Security Management was $30m, Systems and Resource Management was $40m and Workgroup product revenues were $79m.
As of April 30, 2009, the company’s cash, cash equivalents and short-term investments were $1 billion.
Ron Hovsepian, president and CEO of Novell, said: “While total invoicing declined, in line with global economic trends, I am pleased with the continued expansion of our operating margin. Within our portfolio, our growth businesses – Linux, Identity and Systems and Resource Management – have strong prospects and continue to show promise.”
