Novell posts profit versus year-earlier loss
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Business software maker Novell Inc.   posted a preliminary quarterly profit on Tuesday,  bouncing back from a year-earlier loss when it took a $38  million restructuring charge.
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International Business Machines Corp.  on Tuesday posted a quarterly net profit that beat Wall Street's recently raised profit target as solid year-end product sales were buoyed by a weaker U.S. dollar.
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Computer chip maker Advanced  Micro Devices Inc. AMD.N on Thursday posted a third-quarter  profit compared with a loss a year earlier and predicted a  fourth-quarter pickup in sales.
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The companyâs second-quarter profit rose 37 percent after factoring in losses from assets it sold, but on a continuing basis results fell on buyout costs at its newspapers.
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(InfoWorld) - Novell on Wednesday said its deal with Microsoft is helping drive gains in its Linux business, but danced around questions concerning how that deal may be altered given coming changes in open source licensing.Novell made the comments during its quarterly earnings call with financial analysts where the company reported nearly a $2.2 million loss in income during its fiscal second quarter. Novell executives danced around questions concerningÂ its deal with MicrosoftÂ as it relates to the new GNU General Public License 3.0, which is expected to be approved as a final draft in June. In addition, Novell CEO Ron Hovsepian would offer no comment beyond Novell's already published public statement on Microsoft'sÂ recent claimsÂ that Linux infringes on 235 of its patents. During its earnings call, Novell focused on the news that its revenue was up 2.6 percent to $239.2 million from $233.1 million during the same quarter a year ago, and that the revenue numbers beat Wall Street's expectations of $235 million. Net income, however, showed a loss of $2.192 million compared to a profit of $3,342 million in the same quarter a year ago. Despite the numbers, Novell executives remained upbeat, highlighting an increase in sales around its Suse Linux software. Sales of Linux platform products produced $19 million in revenue, an 83 percent increase year over year. In addition, invoicing for Linux products was $29 million for the quarter, an increase of 114 percent. Novell said those increases were largely due to the strength of a wide-ranging business and technology partnership signed with Microsoft in November 2006. Microsoft helped account for $18 million of that invoicing, while non-Microsoft-influenced revenue was $11 million. "I am pleased by our results this quarter," said Ron Hovsepian, Novell's CEO. "Our Linux business delivered another strong quarter, workgroup [business unit] performed better than expected and identity [business unit] is recovering although it is still below plan. Novell said revenue for identity and access management was up 5 percent over the same quarter a year ago. But it was Linux and the relationship with Microsoft that Novell focused on, saying it provided a hefty bump to revenue. "Customer deals associated with the Microsoft relationship accounted for 25 percent of the Linux platform product revenue," said Dana Russell, Novell's CFO. Hovsepian said in the two fiscal quarters since signing the deal with Microsoft that Novell has invoiced $91 million in sales with $73 million occurring in the first quarter. He said that total was nearly 38 percent of the $240 million that was called for in the five-year deal with Microsoft. He also said that Novell expects to have 49,000 certificates for maintenance and support, which are handed out by Microsoft, activated this year. He added, however, that going forward Novell would no longer report that number. Instead, Novell will track progress by reporting the percentage of invoicing over the life of the contract. As part of the agreement, Microsoft had said it would distribute 70,000 coupons for Suse Linux Enterprise Server maintenance and support. In terms of the patent claims Microsoft has made in recent weeks, Hovsepian said Novell would focus on customers and said statements it made in an open letter to the Linux community would stand as its public comment. He also was mum on the effect of the forthcoming open-source GNU General Public License (GPL) 3.0, which couldÂ change the dynamicsÂ of the patent protection clause that is part of the agreement with Microsoft.Novell said in a 10-K filing it made with the Security and Exchange Commission last week that there was a risk factor in the "grandfather" clause that is currently part of the working draft of the GPL 3.0. Hovsepian said during a question and answer session that he would not answer questions about what effects the grandfather clause may have on Novell's contract with Microsoft saying any answer would be "broad speculation." Other numbers highlighted by Novell included revenue from its Identity and Access Management business unit of $23 million, a 5 percent year-over-year increase. The company reported that revenue from Systems and Resource Management unit was $32 million, a 4 percent drop over the same quarter a year ago, and that revenue from its Workgroup business unit dropped 4 percent compared to the second quarter of 2006 to $84 million. Going forward, Novell stated that it expects net revenue for 2007 to be between $925 million and $955 million. Those numbers were adjusted to account for the recent divestment of its Salmon business consulting group.
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The company Friday said it expected to post a profit in the third quarter, thanks to Improved pricing and product mix and higher unit volume, reversing a year-ago loss.
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Drugmaker Mylan Laboratories Inc.  posted a quarterly loss on Thursday on charges related to an acquisition, but reported adjusted profit that beat its previous forecast helped by sales of generic drugs for pain and bladder control.
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The loss, which came to $3.41 a share, was in contrast to a profit of $45.4 million, or 97 cents a share, in the quarter a year earlier.
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The newspaper publisher reported a fourth-quarter profit after a loss a year ago, but it continued to be hurt by the housing slump in California and Florida.
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Annual results show a drop in profits despite better efficiency.
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Cirrus Logic Inc. , whose chips are used in a wide range of consumer electronics, on Wednesday reported a quarterly profit versus a year-ago loss, after an income tax benefit and other items.
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OS sales up 77 per cent year-over-year Novell narrowed losses in the third quarter, bolstered by the SUSE Linux business beginning to pull more weight.â¦
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The Linux vendor partners with Microsoft in one respect and takes it head-on in another. This time, the results are mixed as Novell suffers a small quarterly loss.
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Computer chip maker Advanced Micro Devices Inc. (AMD.N: Quote, Profile, Research) on Thursday posted a third-quarter profit compared with a loss a year earlier and predicted a fourth-quarter pickup in sales.
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Sun Microsystems Inc. SUNW.O on  Thursday reported a small quarterly net profit, reversing a  year-earlier loss, as narrower costs offset a slight revenue  decline.
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Ford Motor Co. on Thursday reported a quarterly profit, reversing a year-earlier loss, on the strength in its finance arm.
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Troubled retailer Toys "R" Us Inc. reported Monday that the company swung to a profit in the latest second quarter, compared with a loss in the year-ago period.