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Novell's Linux Business Still Not Profitable?

May 29, 2009, 20:34 (4 Talkback[s])
(Other stories by Sean Michael Kerner)

[ Thanks to smk for this link. ]

""We have invested heavily in our Linux business to gain market share and acquire new customers," Novell CFO Dana Russell said on the company's quarterly conference call last night. "While the business is not yet profitable, we are making steady progress and plan for it to be break-even no later than 12 to 18 months from today."

"Novell entered the Linux business in 2003 with the acquisition of SUSE Linux for $210 million and Linux desktop vendor Ximian.

"Novell reported its second quarter fiscal 2009 results after the market close yesterday, with net revenue for the quarter coming in at $216 million, a decline from the $236 million reported for the second quarter of 2008 and just below Wall Street estimates."

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