Novell revenue up as SUSE investment shows promise
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NOVEMBER 19, 2004  - Networking and Linux vendor Novell Inc. reported a profit of $57.1 million for fiscal 2004, which ended Oct. 31, compared with a loss of $161.9 million in the prior fiscal year.
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Satellite broadcaster British Sky Broadcasting Group PLC reported strong growth in subscribers Friday and a jump in revenue that exceeded analysts' expectations, underpinning a 3 percent rise in quarterly net profit.
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InfoWorld - Looking to bolster Linux in enterprise environments, Novell is offering its first service pack for Suse Linux Enterprise 10, with capabilities for new quad-core processors. The company also announced Monday commercial availability plans for Suse Linux Enterprise Virtual Machine Driver Pack.
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Novell Inc. on Thursday said it swung to a fiscal fourth-quarter profit after the computer networking provider saw strong growth from its enterprise server business during the period.
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The bookseller beats core earnings estimates and raises its full-year guidance.
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The London Stock Exchange sees quarterly revenue boosted by  trading on its electronic SETS system.
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European equity markets were higher on Monday, driven by a combination of firm results, broker upgrades and reports of bid activity.
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With strong international sales and growth in its services business, Symantec reported earnings Wednesday that beat analyst expectations.Excluding charges, revenue at the security and storage company grew 15 percent year over year, to $1.53 billion for the period ended Dec 28. Analysts had been expecting revenue of $1.45 billion, according to a consensus estimate from Thomson Financial. Earnings were $0.33 per share, ahead of the analyst estimate of $0.28 per share.Symantec&#39;s international revenue -- which represents more than half of the company&#39;s business -- grew by 21 percent year over year, Symantec said. The Europe, Middle East, and Africa region was the fastest-growing with revenues up 26 percent from the previous year. Revenue in Asia grew by 19 percent, the company said.Service sales totalled just 6 percent of Symantec&#39;s revenue, but they grew by 40 percent from the previous year.The company&#39;s consumer and enterprise security businesses grew by just 8 percent and 9 percent, respectively. Symantec&#39;s data center management group saw sales jump 11 percent over the same period.Symantec raised guidance for its full fiscal year 2008, which ends March 28. It now expects revenue to be in the range of $5.90 billion to $5.94 billion, with earnings per share between $1.24 and $1.26. Analysts had been expecting annual revenue of around $5.79 billion with earnings per share at $1.16, according to Thomson.The company&#39;s shares leapt more than 7 percent on the results in after-hours trading, reaching $16.40 late Wednesday afternoon.
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Novell reports a $31 million profit for the year, crediting the turnaround to its expanded Linux strategy. By Larry Greenemeier. Novell&#39;s move into the Linux market is paying off as the company Thursday reported
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ActiveGrid's Peter Yared says the Microsoft-Novell deal creates competition and is ultimately good for customers.
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Novell says its deal with Microsoft is helping its Linux business.
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The company said its fourth-quarter earnings rose 43 percent, beating estimates, on increased merger advisory fees.
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It is not an area of business where you'd normally think of Novell providing the infrastructure. But business and retail transaction security is becoming a burgeoning business for the company that helped create the PC network.
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Novell today announced the November availability of SuSE Linux Professional 9.2, targeted at both unfamiliar users and open source enthusiasts, and compatible with standard 32-bit PC processors as well as AMD Athlon 64 and Intel Extended Memory 64
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Key investments are starting to pay off for the enterprise software operator.
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Novell (Nasdaq: NOVL) is poised to launch the latest version of its SuSE Linux operating system, providing new features designed to appeal to both Linux neophytes and current users of the open-source desktop software.
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Release of a new Linux distribution and other software boost Red Hat's first quarter earnings.