Novell has reported disappointing quarterly results, with sales falling significantly.
The company's third quarter revenue fell to $199m (£128m) from $216m (£139m) this time last year. Net income fell to $15.7m (£10m) from $16.7m (£10.8m).
"Our third quarter revenue was below our initial expectations, which we believe is principally related to customer uncertainty associated with the Novell Board of Directors' ongoing review of various alternatives to enhance stockholder value," said Ron Hovsepian, president of Novell.
"However, I am pleased that we achieved consistent profitability levels. The growth prospects of our target markets remain strong and our focus going forward is on returning to top line growth via execution of our differentiated strategy, WorkloadIQ"
In March, the board said that it had received an unsolicited offer to buy the company for $5.75 per share from the Elliott Associates hedge fund, but had turned it down. Novell’s share price at close of trading was $5.63.
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