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Reuters/CNET News: Novell Sees Lower Profit and Revenue

Aug 26, 2005, 19:00 (4 Talkback[s])

"Novell, which provides networking software and update services for Linux, reported a 91 percent drop in quarterly profit on Thursday as revenue fell slightly.

"Novell's shares fell 2.6 percent in after-hours trade after the company reported a profit of $2 million, or nil per share, in the quarter ended July 31, compared with a profit of $24 million, or 6 cents per share, in the year-ago period, which included a one-time gain on a legal settlement..."

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