Earnings are out. I stated earlier today that analysts expected Novell to earn 3 cents per share for the quarter on $300.39 million in revenue; and 9 cents per share for the year on $1.18 billion in revenue.
In after hours trading Novell shares rose to $7.90 after Novell said it lost $5 million, or a penny per share on revenue of $320.3 million. Excluding charges, Novell would have earned $33 million, or 7 cents a share.
Revenue was up. Sales of Novell's version of Linux are finally getting off the ground, increasing by about 400% year over year, while total sales and operating profitability are greater than they've been in some time
I expect Novell shares will climb in the next few days.
- Bucky
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