Linked by Thom Holwerda on Fri 2nd Dec 2005 11:28 UTC
Novell and Ximian Novell's Linux investments are finally showing results as its Linux revenue of $61 million (EUR 52 million) jumped 418 percent from last year's fourth quarter. Novell announced its fourth fiscal quarter and fiscal year financial results, which ended October 31, 2005, on Thursday.
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results realy that good?
by smashIt on Fri 2nd Dec 2005 23:17 UTC
smashIt
Member since:
2005-07-06

lets do some numbercrunching:

2004:
revenue: $1.166 billion
earnings: $31 million

2005:
revenue: $1.198 billion
earnings: $378 million

and now lets remove the $448 million they got from ms (shouldn't it be $536 million?)
378-448=-70 million

so effectively novell were $70 million in the red.

I don't think this is something to be proud of

Reply Score: 1

RE: results realy that good?
by kaiwai on Sat 3rd Dec 2005 05:14 in reply to "results realy that good?"
kaiwai Member since:
2005-07-06

Thanks for the heads up on the revenue/profit; question; how the hell are they making a loss when they're bring in, in regards to revenue, $1.198billion?

They're obvious either a VERY inefficient business or they need to grow a brain and move their business to a cheaper country to do business in.

Reply Parent Score: 1

Googlesaurus Member since:
2005-10-19

"They're obvious either a VERY inefficient business or they need to grow a brain and move their business to a cheaper country to do business in."

Most of Novell's problems begin at the top with Jack Messman the Chairman of the Board and CEO of the corporation.

As long as Messman remains at the helm; Novell ain't got a prayer of survival, much less a return to profit. He appears to consistantly turn right, everytime he should turn left.

Reply Parent Score: 1