Novell returns to 12-month reporting

Pre-tax profits at the Irish arm of software firm Novell Software almost tripled to $93m (€68.9m) last year.

Accounts just filed with the Companies Office show the firm recorded the increase after revenues more than doubled, from €122.4m to €273.5m, in the 12 months to the end of March 31.

The chief factor behind the increase in profit and revenues was the firm’s financial period last year covering a 12-month term, with the prior accounting period having covered only five months.