Summary
Novell Inc., a network-software maker that has one-third of its work force in Provo, had third-quarter profit of $23.4 million on growing demand for services such as consulting on the Linux operating system. The company's shares dropped Thursday on a lower- than-expected sales gain.
Net income was 6 cents a share, compared with a loss of $12.4 million, or 3 cents, a year ago, said the company, which is based in Waltham, Mass. Sales gained 7.7 percent to $304.6 million, missing the $306.6 million average estimate of 13 analysts in a Thomson Financial survey.See the full content of this document
Extract
Novell Profit Lower Than Hoped
Sales also fell short of Novell's expectations, particularly in the United Kingdom and Germany, said chief financial officer Jo...
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