Onderstaand Engelstalig persbericht bevat de financiële cijfers van Novell over het eerste kwartaal van het boekjaar 2004. Deze cijfers zijn vanochtend bekend gemaakt. De informatie is beschikbaar op:
www.novell.com/company/ir/qresults.
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Novell Reports Financial Results for First Fiscal Quarter 2004
WALTHAM, Mass. - Feb. 24, 2004 - Novell, Inc. (NASDAQ:NOVL) today announced financial results for its first fiscal quarter ended January 31, 2004. For the quarter, Novell reported revenues of $267 million, compared to revenues of $260 million for the first fiscal quarter 2003. Net income in the first fiscal quarter 2004 was $10 million, or $0.03 per share. This compared to a net loss of $12 million, or $0.03 loss per share, for the first fiscal quarter 2003.
On a non-GAAP basis, adjusted net income for the first fiscal quarter 2004 was $11 million, or $0.03 per share, which excludes investment impairments of $1 million. This compares to non-GAAP adjusted net loss for the first fiscal quarter 2003 of $1 million, or $0.00 per share, which excludes investment impairments of $11 million. Full details on Novell's reported results, including a reconciliation of the non-GAAP adjusted results, are included in the financial schedules that are a part of this release.
"I am encouraged by our performance during the quarter in what remains a challenging IT business environment." said Jack L. Messman, Novell(r) chairman, president and chief executive officer. "We showed steady progress in positioning Novell for high growth opportunities, including the Linux market, while completing a significant acquisition and continuing to work through a major reorganization of our North American operations. We are now focused on execution, and are moving quickly to deliver enterprise-class network services for mixed environments, including Linux."
On the balance sheet, cash and short-term investments were $605 million at the end of the first fiscal quarter 2004, compared with $651 million a year ago. This decline in cash and short-term investments is primarily attributable to the cash payment to SUSE(r) LINUX shareholders in connection with the previously announced acquisition, offset by positive cash flow, including cash flow from operations during the first fiscal quarter 2004 of $31 million. Days sales outstanding (DSO) in accounts receivable improved to 60 days at the end of the first fiscal quarter 2004, down from 74 days in the prior quarter. Deferred revenues were $294 million at the end of the first fiscal quarter 2004, up $29 million or 11% percent year-over-year.
A summary of Novell's vision, mission and strategy can be accessed on the Novell Web site at: www.novell.com/company/ir/qresults.
About Novell
Novell, Inc. is a leading provider of information solutions that deliver secure identity management (Novell Nsure*), Web application development (Novell exteNd*) and cross-platform networking services (Novell Nterprise*), all supported by strategic consulting and professional services (Novell NgageSM). Active in the open source community with its Ximian(r) and SUSE LINUX brands, Novell provides a full range of Linux products and services for the enterprise from the desktop to the server.
Novell's vision of one Net - a world without information boundaries - helps customers realize the value of their information securely and economically.
For more information, call Novell's Customer Response Center at (888) 321-4CRC (4272) or visit http://www.novell.com. Press should visit http://www.novell.com/pressroom.
Novell and Ximian are registered trademarks; exteNd, Nsure, and Nterprise are trademarks; and Ngage is a service mark of Novell, Inc. in the United States and other countries. SUSE is a registered trademark of SUSE AG, a Novell company. *All third-party trademarks are the property of their respective owners.