Novell reports €300m revenue

Novell (Nasdaq:NOVL) has reported revenue of $274m (€300m) for its second fiscal quarter of 2002.

It reported a loss of $0.48 (€0.52) per share, reflecting $190m (€206m) in pre-tax charges largely from the write-down of goodwill, impaired investments and restructuring.

Excluding the impact of these charges on second quarter results, the company posted earning of $0.03 (€0.04) per share for its second fiscal quarter of 2002.

Earning exceeded the company's expectations that it would be approximately break-even.

The results compare to revenues of $241m (€261m), and a loss per share of $0.48 (€0.52) in the same period a year ago, which also included charges for impaired investments.

When these impairment charges were excluded, the loss for the second fiscal quarter 2001 was $0.03 (€0.04) per share.

The company said it had slowed the decline in revenues seen for the last three quarters, and its revenue from both software and consulting remained relatively flat to the first quarter of this year.

Novell hopes to improve revenue through the second half of 2002, though it sees revenue remaining fairly flat in Q3.

Novell is a provider of net business solutions and employs around 120 staff in Dublin, where its European operation, research and development and finance operations are located.