Market Overview

Novell Sales Fall 6% and Disappoint Investors (NOVL)

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2/25/2010-Novell (NASDAQ: NOVL) reported fiscal Q1 EPS of $0.07, inline with consensus estimates.

Sales in the quarter fell 6% year-over-year to $202.6 million, and came in short of consensus estimates of $207.6 million.

The company sees fiscal Q2 sales similar to its first quarter figure, while non-GAAP operating margin is expected to be in the range of 12% to 15%.

"We are pleased with the invoicing recovery in our Security, Management and Operating Platforms business unit as well as our solid operating margin performance this quarter," said Ron Hovsepian, President and CEO of Novell.

Write to Chip Brian at cbrian@tradethetrend.com

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