Home | Business News | Browse by Publication | M | M2 Presswire

Novell reports first quarter fiscal 2003 results.

Publication: M2 Presswire
Publication Date: 28-FEB-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-28 February 2003-NOVELL: Novell reports first quarter fiscal 2003 results(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:02272003

Provo, Utah -- Novell, Inc. reported net revenue of $260 million for its first fiscal quarter ended January 31, 2003, compared to $278 million for the first fiscal quarter 2002, a decline of 6 percent. Net loss in the quarter was $12 million, or $0.03 per share, including an impaired investment charge of $11 million, compared to net income of $8 million, or $0.02 per share, for the first fiscal quarter 2002.

Excluding the impact of impairment charges and other special items in each year, net loss in the first fiscal quarter 2003 would have been $1 million, or $0.00 per share, compared to net income of $7 million, or $0.02 per share, in the first fiscal quarter 2002.

Novell chairman, president and chief executive officer Jack Messman said, "We benefited in the quarter from double digit revenue growth in our identity management and...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from M2 Presswire
Accelerated business activity propels Dendrite's growth in European ma..., February 28, 2003
NATO Secretary General to visit Romania., February 28, 2003
MiddleEastPostBox.com launches direct e-marketing campaign for Globale..., February 28, 2003
Physicians of the Yale Medical Group will continue to care for patient..., February 28, 2003
Henry Adams is the subject of a colloquium and lectures by Garry Wills..., February 28, 2003

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.