Market Overview

Novell (NOVL) Posts $19.9 Million 2nd Quarter Income


Software producer Novell Inc (Nasdaq: NOVL) on Thursday after the market closed released financial results that were in line with Wall Street earnings expectations.

Novell Inc reported that its fiscal 2nd quarter net income rose to $19.9 million, or 6 cents per share, up from $15.6 million, or 5 cents per share, a year earlier.

The company reported that its revenue fell to $204 million.

A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 7 cents per share, on revenue of of $204.9 million.

Novell Inc forecast 3rd quarter revenue in the range of $205 million to $210 million.


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