Novell back on financial track with directory portfolio

A "tremendous" surge of interest in Netware 5 helped Novell secure a massive 107 per cent leap in profit in its first fiscal quarter results.

Profit for the period ended 31 January reached $29 million from $14 million last time. Revenue increased 13 per cent to $286 million.

The networking software company met analysts expectations as earnings per share jumped from $0.04 to $0.08.

?The tremendous initial response to Netware 5 in our first quarter is being amplified by new directory-related products,? said Eric Schmidt, Novell?s chairman and chief executive.

Three segments of Novell?s business are directory-related and they accounted for 88 per cent of revenue in the quarter, a 27 per cent increase on last year.

Directory enabled Netware servers provided $146 million revenues, up by 16 per cent; network applications contributed $53 million, a 50 per cent increase; and directory enabled infrastructure contributed $15 million, up by 68 per cent.

Service, training and consulting revenues increased by 31 per cent to $37 million. The older non directory products, NetWare 3, TCP/IP and Unix royalties amounted to 12 per cent of total revenues, down by 35 per cent to $35 million.

Most geographic areas experienced strong growth with the US and Europe, Middle East and Africa, up by 9 per cent and 31 per cent, respectively. The Americas region declined slightly to $14 million and Asia Pacific was static.

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