Novell makes more on less

Novell, Inc. today said it made profit of $21 million in its first 2010 fiscal quarter ended 31 January, 2010.

This was up from $10.7 million in the same quarter of last year, while overall sales revenue slipped to to $202.4 million, down from $215 million for the first fiscal quarter of 2009.

The company said it had trimmed operating costs and there had been some influence last time around of fluctuations in currency exchange rates. The results included a $5 million change in accounting estimate related to fiscal 2009 which increased profitability in the first fiscal quarter of 2010, the firm said.

"We are pleased with the invoicing recovery in our Security, Management and Operating Platforms business unit as well as our solid operating margin performance this quarter," said Ron Hovsepian, president and CEO of Novell.

Novell recently teamed up with virtualiser Citrix as part of Novell's Intelligent Workload Management strategy, of which we'll have more soon, once I make sense of my notes.