Novell reports net income of US$59m for Q4

Novell has reported slightly higher net income for its 1996 fourth fiscal quarter compared with the same period last year.

Novell has reported net income of US$59.03 million for its fourth fiscal quarter, which ended on October 26, slightly higher than net income of US$58.95 million for the same period last year.

Revenue for the fourth quarter totaled US$384 million compared with revenue of US$481 million for the same period last year.

Net income for fiscal 1996 was US$125.99 million compared to US$338.30 million for the year earlier.

Last year's results, however, included contributions from product lines that have since been discontinued or sold.

Novell in the second fiscal quarter this year sold the WordPerfect personal productivity applications and its UnixWare product lines in order to better concentrate on its core network operating systems products.

In the third quarter, Novell reported revenues of US$365 million and net income of US$59 million.

"We plan to move rapidly through this transition period as we position the company to address the Internet/intranet markets," says Novell’s chairman, John Young. "Our actions continue to be directed at energising the company for profitable revenue growth," he says.

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