December 13, 2007 / 9:46 PM / in 10 years

UPDATE 1-Novell reports quarterly loss as expenses rise

(Adds forecast.)

BOSTON, Dec 13 (Reuters) - Novell Inc NOVL.O, the No. 2 publicly held maker of Linux software, reported on Thursday a quarterly loss compared with a year-earlier profit on an increase in operating expenses.

The company’s shares fell 4.9 percent in after hours trading.

The company reported a fourth-quarter loss of $17.9 million, or 5 cents per share, compared with a year-earlier profit of $19.9 million, or 5 cents a share. Net revenue rose to $245 million from $234 million a year earlier.

Novell also expects to report revenue of $920 million to $945 million in its current fiscal year, which ends in October 2008. That is compared with $932 million in the previous year.

The company expects to expand its restructuring program and consolidate facilities, incurring an additional $15 million to $25 million in related expense. (Reporting by Jim Finkle; Editing by Gary Hill/Andre Grenon)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below