| Novell posts profit but warns |
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| Publication: | CNN.com | Date: | Aug 20 2004 |
Novell Inc. posted a quarterly profit Thursday as revenue rose, but the company warned that spending on information technology by companies remained weak.
Novell, a software developer that provides update services for Linux, reported a net profit of $23 million, or 6 cents per share, in the fiscal third quarter ended July, compared with a loss of $12 million, or 3 cents per share, a year earlier.
Excluding a one-time gain from a legal settlement, restructuring and other charges, Novell said it had a profit of $14 million, or 4 cents per share, double its adjusted profit from a year earlier.
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