FOR IMMEDIATE RELEASE May 28, 2009
Novell Reports Financial Results for Second Fiscal Quarter 2009
•Operating •Linux
margin improves year-over-year Platform Products revenue increases 25% year-over-year
WALTHAM, Mass. – May 28, 2009 - Novell, Inc. (NASDAQ: NOVL) today announced financial results for its second fiscal quarter ended April 30, 2009. For the quarter, Novell reported net revenue of $216 million. This compares to net revenue of $236 million for the second fiscal quarter of 2008. Income from operations for the second fiscal quarter of 2009 was $18 million, compared to income from operations of $2 million for the second fiscal quarter of 2008. Net income in the second fiscal quarter of 2009 was $16 million, or $0.05 per share. This compares to net income of $6 million, or $0.02 per share, for the second fiscal quarter of 2008. In the second fiscal quarter of 2009, foreign currency exchange rates negatively impacted net revenue by $6 million and favorably impacted operating expenses by $13 million and income from operations by $7 million compared to the same period last year. On a non-GAAP basis, income from operations for the second fiscal quarter of 2009 was $35 million. This compares to non-GAAP income from operations of $16 million in the year-ago quarter. NonGAAP net income for the second fiscal quarter of 2009 was $29 million, or $0.08 per share. This compares to non-GAAP net income of $21 million, or $0.06 per share, for the second fiscal quarter of 2008. A reconciliation of GAAP to non-GAAP results is provided in the financial schedules as part of this press release. An explanation of these measures is also included below under the heading “NonGAAP Financial Measures.” Novell reported $39 million of product revenue from Open Platform Solutions, of which $37 million was from Linux Platform Products, up 25% compared to the product revenue from Linux Platform Products from the same period last year. Product revenue from Identity and Security Management was $30 million, of which Identity, Access and Compliance Management was $28 million, up 2% compared to the product revenue from Identity, Access and Compliance Management from the same period last year. Product revenue from Systems and Resource Management was $40 million, down 2% compared to the same period last year. Workgroup product revenue of $79 million decreased 14% compared to the same period last year. “While total invoicing declined, in line with global economic trends, I am pleased with the continued expansion of our operating margin. Within our portfolio, our growth businesses – Linux, Identity and Systems and Resource Management – have strong prospects and continue to show promise,” said Ron
Page 2 of 11 Hovsepian, President and CEO of Novell. “Our Linux and Identity businesses have the greatest potential to continue to expand operating margins, and we plan to attain profitability within these businesses no later than 12-18 months from today, barring unforeseen circumstances.” Cash, cash equivalents and short-term investments were $1 billion at April 30, 2009, consistent with last quarter. Days sales outstanding in accounts receivable was 55 days at the end of the second fiscal quarter of 2009, improved from 66 days at the end of the year-ago quarter. Total deferred revenue was $659 million at the end of the second fiscal quarter of 2009, down from $702 million at the end of the year-ago quarter. For the second fiscal quarter of 2009, cash flow from operations was negative $26 million, in line with seasonal trends. This compares to cash flow from operations of negative $19 million in the second fiscal quarter of 2008. Further details on Novell's reported results are included in the financial schedules that are a part of this release. Financial Outlook Novell management remains committed to long-term sustainable profitability. Novell management expects to maintain double-digit non-GAAP operating margins in the full fiscal year 2009, barring unforeseen circumstances. Conference Call Notification and Web Access Detail A one-hour conference call with Novell management to discuss the quarter will be broadcast at 5:00 PM ET on May 28, 2009. The conference call will be available live as a listen-only webcast from Novell's Investor Relations web page at: www.novell.com/company/ir/qresults. The domestic toll-free dial-in number is 866-335-5255, password “Novell.” The international dial-in number is +1-706-6792263, password “Novell.” Following the live event, an archived version of the webcast will be available for twelve months on the Novell Investor Relations web page at: www.novell.com/company/ir/qresults. A copy of this press release is posted on the Novell Investor Relations web page at: www.novell.com/ company/ir/qresults. Non-GAAP Financial Measures We supplement our consolidated unaudited condensed financial statements presented in accordance with GAAP with certain non-GAAP financial measures. These non-GAAP measures include adjusted income
Page 3 of 11 from operations, adjusted operating margin, adjusted income from continuing operations, adjusted net income, adjusted income per share from continuing operations and adjusted net income per share. We provide non-GAAP financial measures to enhance an overall understanding of our current financial performance and prospects for the future and to enable investors to evaluate our performance in the same way that management does. Management uses these same non-GAAP financial measures to evaluate performance, allocate resources, and determine compensation. The non-GAAP financial measures do not replace the presentation of our GAAP financial results, but they eliminate expenses and gains that are excluded from most analysts' consensus estimates, that are unusual, and/or that arise outside of the ordinary course of business, such as, but not limited to, those related to stock-based compensation, acquisition-related intangible asset amortization, restructuring, asset impairments, litigation judgments and settlements, purchased in-process research and development, and the sale of business operations, long-term investments, and property, plant and equipment.
We also present a projection of our non-GAAP operating margin. This projection is a forward-looking, nonGAAP financial measure. The corresponding GAAP financial measure of operating margin is not available and cannot be provided without undue effort because we are unable to accurately forecast information regarding expenses or gains such as, but not limited to, those listed above. We believe that the corresponding GAAP financial measure is not likely to be significant to an understanding of our business because there is likely to be substantial variability between projected and actual realization of the expenses and gains described above and/or that such expenses or gains are likely to arise outside of the ordinary course of business.
Legal Notice Regarding Forward-Looking Statements This press release includes statements that are not historical in nature and that may be characterized as “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act, including those related to future financial and operating results, targets, and prospects; future opportunities; expansion of operating margins; progress of growth businesses; profitability; the macroeconomic environment; customer priorities; timing of realization of projections; functionality, characteristics, quality and performance capabilities of Novell's products and technology; and results achievable and benefits attainable through deployment of Novell's products and provision of services. Actual results may differ materially from the results discussed in or implied by such forward-looking statements, which are based upon information that is currently available to us and/or management’s current expectations, speak only as of the date hereof, and are subject to a number of factors, including, but not limited to: difficulties, delays or unexpected costs in completing our cost reduction and sales growth strategic initiatives; our ability to attract and retain new customers through our indirect sales strategy; our reliance on an indirect sales channel for the distribution of products; our
Page 4 of 11 ability to renew SLES subscriptions with those customers who have received SLES certificates from Microsoft; an accelerated decline in our OES and NetWare-related revenue stream; the ability of our Open Platform Solutions, Identity and Security Management, and Systems and Resource Management business unit segments to grow at expected rates; our ability to successfully integrate acquired companies; our ability to compete in markets for infrastructure software services; our ability to meet customer demand for technical support services; our ability to maintain a strong brand; delays in the introduction of new products; increased foreign research and development operations; reliance on software licensed from third parties; our ability to attract and retain talented employees; claims that we have infringed the intellectual property rights of others; adverse results in legal disputes; our ability to protect our confidential information; impairment of goodwill or amortizable intangible assets causing a charge to earnings; exposure to increased economic and regulatory uncertainties from operating a global business; cancellations or reductions in the scope of our engagements with professional services clients; and uncertain economic conditions and reductions in IT spending.
A detailed discussion of these and other factors that could affect our results is included in our SEC filings, including, but not limited to, our Annual Report on Form 10-K for the Fiscal Year Ended October 31, 2008 filed with the SEC on December 23, 2008, which may be obtained by calling (800) 317- 3195, or at our Investor Relations web site at http://www.novell.com/company/ir. We expressly disclaim any obligation, except as required by law, or undertaking to update or revise any forward-looking statements contained in this press release to reflect any change of expectations with regard thereto or to reflect any change in events, conditions, or circumstances on which any such forward-looking statement is based, in whole or in part. About Novell Novell, Inc. (NASDAQ: NOVL) delivers an interoperable Linux* platform and a portfolio of integrated IT management software designed to help customers around the world reduce cost, complexity and risk. With our infrastructure software and ecosystem of partnerships, Novell harmoniously integrates mixed IT environments, allowing people and technology to work as one. For more information, visit www.novell.com.
Novell and the Novell logo are registered trademarks of Novell, Inc. in the United States and other countries. *All third party marks are the property of their respective owners.
Press Contact: Ian Bruce Novell, Inc. Phone: 781-464-8034 E-Mail: ibruce@novell.com
Investor Relations Contact: Susan Walker White Novell, Inc. Phone: 800-317-3195 E-Mail: swhite@novell.com
Page 5 of 11
Novell, Inc. Consolidated Unaudited Condensed Statements of Operations (In thousands, except per share data)
Fiscal Quarter Ended Apr 30, 2009 Apr 30, 2008 Net revenue: Software licenses Maintenance and subscriptions Services (1) Total net revenue Cost of revenue: Software licenses Maintenance and subscriptions Services Total cost of revenue Gross profit Operating expenses: Sales and marketing Product development General and administrative Other operating expenses (2) Total operating expenses Income from operations
Operating margin %
Fiscal Year-to-Date Apr 30, 2009 Apr 30, 2008 $ 58,517 317,144 54,805 430,466 $ 84,618 300,939 81,035 466,592
$
30,250 158,329 27,016 215,595
$
44,416 150,872 40,378 235,666
2,380 12,345 30,557 45,282 170,313
4,028 12,007 44,432 60,467 175,199
4,906 25,244 62,029 92,179 338,287
7,127 22,948 88,333 118,408 348,184
75,697 44,552 25,032 7,408 152,689 17,624
8.2%
93,906 46,275 28,849 4,502 173,532 1,667
0.7%
152,591 89,944 49,227 15,257 307,019 31,268
7.3%
181,911 91,010 56,246 8,869 338,036 10,148
2.2%
Other income, net: Interest income, net Other Total other income, net Income from continuing operations before taxes Income tax expense Income from continuing operations Income from discontinued operations before taxes Income tax benefit on discontinued operations Income from discontinued operations Net income Diluted earnings per share: Continuing operations Net income Weighted average shares $ $ $
3,333 (3,129) 204 17,828 2,777 15,051 566 566 15,617 $
9,974 7,878 17,852 19,519 13,653 5,866 5,866 $
9,123 (6,555) 2,568 33,836 9,144 24,692 1,602 1,602 26,294 $
26,423 8,585 35,008 45,156 24,606 20,550 1,285 (836) 2,121 22,671
0.04 0.05 345,839
$ $
0.02 0.02 354,287
$ $
0.07 0.08 345,543
$ $
0.06 0.06 353,660
(1) Services includes professional services, technical support and training services. (2) See Page 8 of 11 for a detail of other operating expenses. Revisions were made to prior period amounts in order to conform to the current period's presentation.
Page 6 of 11
Novell, Inc. Consolidated Unaudited Condensed Balance Sheets (In thousands)
Apr 30, 2009 Assets Current assets: Cash and cash equivalents Short-term investments Restricted cash Receivables, net Prepaid expenses Current deferred tax assets Other current assets Total current assets Property, plant and equipment, net Long-term investments Goodwill Intangible assets, net Deferred income taxes Other assets Total assets $ $ 619,948 384,818 52,961 136,190 32,363 4,662 24,423 1,255,365 164,852 10,140 619,744 54,392 30,073 20,892 2,155,458
Oct 31, 2008
$
680,034 387,813 52,701 193,088 34,365 5,685 32,006 1,385,692 174,978 14,972 582,117 53,320 36,244 22,026
$
2,269,349
Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued compensation Other accrued liabilities Income taxes payable Senior convertible debentures Deferred revenue Total current liabilities Deferred income taxes Other long-term liabilities Long-term deferred revenue Total liabilities Stockholders' equity Total liabilities and stockholders' equity $ $ 25,588 77,619 88,879 3,317 121,668 449,275 766,346 13,515 39,787 210,140 1,029,788 1,125,670 2,155,458 $ $ 36,982 102,317 108,929 22,563 125,668 503,174 899,633 11,725 43,587 226,876 1,181,821 1,087,528 2,269,349
Page 7 of 11
Novell, Inc. Consolidated Unaudited Condensed Statements of Cash Flows (In thousands)
Fiscal Quarter Ended Apr 30, 2009 Apr 30, 2008 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash used in operating activities: Stock-based compensation expense Depreciation and amortization Change in accounts receivable allowances Utilization of previously reserved acquired net operating losses Purchased in-process research and development Gain on debenture repurchases Gain on discontinued operations, before taxes Impairment of investments Gain on sale of previously impaired long-term investments Loss (gain) on sale of subsidiaries Changes in current assets and liabilities, excluding the effect of acquisitions and dispositions Net cash used in operating activities Cash flows from investing activities Purchases of property, plant and equipment Short-term investment activity Long-term investment activity Cash restricted due to litigation Net cash proceeds (distributions) from sale of discontinued operations Cash paid for acquisitions, net of cash acquired Other Net cash provided by (used in) investing activities Cash flows from financing activities Issuance of common stock Excess tax benefits from stock-based compensation Debt repayment Debenture repurchases Net cash used in financing activities Decrease in cash and cash equivalents Cash and cash equivalents - beginning of period Cash and cash equivalents - end of period $
Fiscal Year-to-Date Apr 30, 2009 Apr 30, 2008
$
15,617
$
5,866
$
26,294
$
22,671
5,691 10,452 125 (1,102) (566) 1,419 184 (57,927) (26,107)
7,010 9,847 1,034 23 2,700 (405) (250) (45,232) (19,407)
13,722 21,473 341 (68) (1,602) 3,096 (16) (76,695) (13,455)
17,777 18,847 671 5,025 2,700 (405) (1,180) (250) (113,297) (47,441)
(3,070) 3,877 1,201 (82) (5,522) 4,389 793
(10,463) 290,922 14,523 (629) 2,508 (220,473) 3,148 79,536
(6,582) 10,420 1,736 (260) 1,036 (48,472) 1,374 (40,748)
(16,322) 325,440 14,523 (52,124) (909) (220,473) 2,227 52,362
169 (2,814) (186) (2,831) (28,145) 648,093 619,948 $
5,922 14,315 (115,589) (95,352) (35,223) 1,038,621 1,003,398 $
1,152 (2,788) (378) (3,869) (5,883) (60,086) 680,034 619,948 $
10,252 23,995 (115,589) (81,342) (76,421) 1,079,819 1,003,398
Revisions were made to prior period amounts in order to conform to the current period's presentation.
Page 8 of 11
Novell, Inc. Unaudited Non-GAAP Adjusted Income From Operations (In thousands, except per share data)
Fiscal Quarter Ended Apr 30, 2009 Apr 30, 2008 GAAP income from operations Adjustments: Stock-based compensation expense: Cost of revenue Sales and marketing Product development General and administrative Sub-total Acquisition-related intangible asset amortization: Cost of revenue Sales and marketing Sub-total Other operating expenses (income): Restructuring expenses Purchased in-process research and development Acquisition integration costs Loss (gain) on sale of subsidiaries Sub-total Total operating adjustments Non-GAAP income from operations
Operating margin %
Fiscal Year-to-Date Apr 30, 2009 Apr 30, 2008 $ 31,268 $ 10,148
$
17,624
$
1,667
671 1,550 2,289 1,181 5,691
527 2,030 2,353 2,100 7,010
1,583 4,113 4,794 3,232 13,722
1,824 5,447 5,357 5,149 17,777
2,735 1,562 4,297
1,659 738 2,397
5,488 3,112 8,600
2,851 1,088 3,939
7,224 184 7,408 17,396 $ 35,020
16.2%
392 2,700 1,410 4,502 13,909 $ 15,576
6.6%
15,273 (16) 15,257 37,579 $ 68,847
16.0%
4,759 2,700 1,410 8,869 30,585 $ 40,733
8.7%
Novell, Inc. Unaudited Non-GAAP Adjusted Net Income (In thousands, except per share data)
Fiscal Quarter Ended Apr 30, 2009 Apr 30, 2008 GAAP net income Operating adjustments (detailed above) Non-operating expenses (income) adjustments: Gain on debenture repurchases Impairment of investments Gain on sale of previously impaired long-term investments Sub-total Total pre-tax adjustments Income tax adjustments Income from discontinued operations, net of taxes Total net adjustments Non-GAAP net income and non-GAAP income from continuing operations $ 15,617 17,396 1,419 1,419 18,815 (4,517) (566) 13,732 $ 5,866 13,909 (405) (250) (655) 13,254 1,948 15,202 $
Fiscal Year-to-Date Apr 30, 2009 Apr 30, 2008 26,294 37,579 (68) 3,096 3,028 40,607 (11,540) (1,602) 27,465 $ 22,671 30,585 (405) (250) (655) 29,930 796 (2,121) 28,605
$
29,349
$
21,068
$
53,759
$
51,276
GAAP net income per share Total adjustments detailed above Non-GAAP net income per share and non-GAAP income from continuing operations per share Non-GAAP weighted average shares
$
0.05 0.03 0.08
$
0.02 0.04 0.06
$
0.08 0.08 0.16
$
0.06 0.08 0.14
$
$
$
$
345,839
354,287
345,543
353,660
Revisions were made to prior period amounts in order to conform to the current period's presentation.
Novell, Inc. Consolidated Unaudited Condensed Segment Results (in thousands, except per share data) Fiscal Quarter Ended April 30, 2009
Identity Open Platform Solutions Net revenue: Software licenses Maintenance and subscriptions Services Total net revenue Cost of revenue: Software licenses Maintenance and subscriptions Services Total cost of revenue Gross profit Operating expenses: Sales and marketing Product development General and administrative Other operating expenses Total operating expenses Income (loss) from operations $ 13,305 13,305 21,451 30.2 30.2 48.6 $ 9,253 9,253 18,306 23.8 23.8 47.1 $ 10,960 10,960 26,562 24.2 24.2 58.6 $ 8,745 8,745 65,137 10.0 10.0 74.6 $ 75,697 2,289 25,032 7,408 110,426 (113,832) $ 75,697 44,552 25,032 7,408 152,689 17,624 $ 31 38,785 5,296 44,112 % 0.1 87.9 12.0 100.0 and Security Management $ 9,191 21,135 8,520 38,846 % 23.7 54.4 21.9 100.0 Systems and Resource Management $ 8,520 31,566 5,268 45,354 % 18.8 69.6 11.6 100.0 Workgroup $ 12,508 66,843 7,932 87,283 % 14.3 76.6 9.1 100.0 Common Unallocated $ $ Total 30,250 158,329 27,016 215,595 %
Page 9 of 11
14.0 73.4 12.5 100.0
2 2,802 6,552 9,356 34,756
0.0 6.4 14.9 21.2 78.8
636 1,463 9,188 11,287 27,559
1.6 3.8 23.7 29.1 70.9
713 2,642 4,477 7,832 37,522
1.6 5.8 9.9 17.3 82.7
518 2,762 10,121 13,401 73,882
0.6 3.2 11.6 15.4 84.6
511 2,676 219 3,406 (3,406)
2,380 12,345 30,557 45,282 170,313
1.1 5.7 14.2 21.0 79.0
35.1 20.7 11.6 3.4 70.8 8.2
Fiscal Quarter Ended January 31, 2009
Identity Open Platform Solutions Net revenue: Software licenses Maintenance and subscriptions Services Total net revenue Cost of revenue: Software licenses Maintenance and subscriptions Services Total cost of revenue Gross profit Operating expenses: Sales and marketing Product development General and administrative Other operating expenses Total operating expenses Income (loss) from operations $ 14,299 14,299 19,470 34.5 34.5 47.0 $ 8,336 8,336 17,056 21.9 21.9 44.9 $ 11,339 11,339 25,928 25.0 25.0 57.1 $ 8,913 8,913 66,298 9.9 9.9 73.6 $ 76,894 2,505 24,195 7,849 111,443 (115,108) $ 76,894 45,392 24,195 7,849 154,330 13,644 35.8 21.1 11.3 3.7 71.8 6.3 $ 37,111 4,351 41,462 % 89.5 10.5 100.0 and Security Management $ 5,967 22,319 9,700 37,986 % 15.7 58.8 25.5 100.0 Systems and Resource Management $ 9,136 31,116 5,151 45,403 % 20.1 68.5 11.3 100.0 Workgroup $ 13,164 68,269 8,587 90,020 % 14.6 75.8 9.5 100.0 Common Unallocated $ $ Total 28,267 158,815 27,789 214,871 % 13.2 73.9 12.9 100.0
1,849 5,844 7,693 33,769
4.5 14.1 18.6 81.4
537 2,007 10,050 12,594 25,392
1.4 5.3 26.5 33.2 66.8
832 2,833 4,471 8,136 37,267
1.8 6.2 9.8 17.9 82.1
678 3,514 10,617 14,809 75,211
0.8 3.9 11.8 16.5 83.5
479 2,696 490 3,665 (3,665)
2,526 12,899 31,472 46,897 167,974
1.2 6.0 14.6 21.8 78.2
Fiscal Quarter Ended April 30, 2008
Identity Open Platform Solutions Net revenue: Software licenses Maintenance and subscriptions Services Total net revenue Cost of revenue: Software licenses Maintenance and subscriptions Services Total cost of revenue Gross profit Operating expenses: Sales and marketing Product development General and administrative Other operating expenses Total operating expenses Income (loss) from operations $ 14,511 14,511 12,191 38.7 38.7 32.5 $ 11,306 11,306 12,920 24.4 24.4 27.9 $ 8,853 8,853 30,503 18.9 18.9 65.2 $ 9,252 9,252 77,849 8.8 8.8 74.1 $ 93,906 2,353 28,849 4,502 129,610 (131,796) $ 93,906 46,275 28,849 4,502 173,532 1,667 39.8 19.6 12.2 1.9 73.6 0.7 $ 164 31,419 5,933 37,516 % 0.4 83.7 15.8 100.0 and Security Management $ 11,388 19,312 15,599 46,299 % 24.6 41.7 33.7 100.0 Systems and Resource Management $ 11,092 29,806 5,871 46,769 % 23.7 63.7 12.6 100.0 Workgroup $ 21,772 70,335 12,975 105,082 % 20.7 66.9 12.3 100.0 Common Unallocated $ $ Total 44,416 150,872 40,378 235,666 % 18.8 64.0 17.1 100.0
10 1,972 8,832 10,814 26,702
0.0 5.3 23.5 28.8 71.2
1,652 2,802 17,619 22,073 24,226
3.6 6.1 38.1 47.7 52.3
864 2,319 4,230 7,413 39,356
1.8 5.0 9.0 15.9 84.1
1,144 3,696 13,141 17,981 87,101
1.1 3.5 12.5 17.1 82.9
358 1,218 610 2,186 (2,186)
4,028 12,007 44,432 60,467 175,199
1.7 5.1 18.9 25.7 74.3
Revisions were made to prior period amounts in order to conform to the current period's presentation.
Novell, Inc. Unaudited Trended Segment Revenue by Software Licenses and Maintenance and Services (In thousands)
Page 10 of 11
Q2 2008 Open platform solutions Linux platform products Software licenses Maintenance and subscriptions Other open platform products Software licenses Maintenance and subscriptions
%
Fiscal Year 2008
%
Q1 2009
%
Q2 2009
%
Change from Q1 2009 to Q2 2009 Q2 2008 to Q2 2009
$
29,306 29,306 164 2,113 2,277 31,583
12.4 12.4 0.1 0.9 1.0 13.4
$
123,386 123,386 164 9,576 9,740 133,126
12.9 12.9 0.0 1.0 1.0 13.9
$
35,230 35,230 1,881 1,881 37,111
16.4 16.4 0.9 0.9 17.3
$
36,681 36,681 31 2,104 2,135 38,816
17.0 17.0 0.0 1.0 1.0 18.0
$
1,451 1,451 31 223 254 1,705
4.1 4.1 11.9 13.5 4.6
$
7,375 7,375 (133) (9) (142) 7,233
25.2 25.2 (81.1) (0.4) (6.2) 22.9
Total open platform solutions Identity and security management Identity, access and compliance management Software licenses Maintenance and subscriptions Other identity and security management Software licenses Maintenance and subscriptions
10,896 16,526 27,422 492 2,786 3,278 30,700
4.6 7.0 11.6 0.2 1.2 1.4 13.0
53,956 70,321 124,277 2,667 10,301 12,968 137,245
5.6 7.4 13.0 0.3 1.1 1.4 14.3
5,531 20,604 26,135 436 1,715 2,151 28,286
2.6 9.6 12.2 0.2 0.8 1.0 13.2
8,475 19,401 27,876 716 1,734 2,450 30,326
3.9 9.0 12.9 0.3 0.8 1.1 14.1
2,944 (1,203) 1,741 280 19 299 2,040
53.2 (5.8) 6.7 64.2 1.1 13.9 7.2
(2,421) 2,875 454 224 (1,052) (828) (374)
(22.2) 17.4 1.7 45.5 (37.8) (25.3) (1.2)
Total identity and security management Systems and resource management Software licenses Maintenance and subscriptions Total systems and resource management Workgroup OES and NetWare-related Software licenses Maintenance and subscriptions Collaboration Software licenses Maintenance and subscriptions Other workgroup Software licenses Maintenance and subscriptions
11,092 29,806 40,898
4.7 12.6 17.4
48,126 122,040 170,166
5.0 12.8 17.8
9,136 31,116 40,252
4.3 14.5 18.7
8,520 31,566 40,086
4.0 14.6 18.6
(616) 450 (166)
(6.7) 1.4 (0.4)
(2,572) 1,760 (812)
(23.2) 5.9 (2.0)
9,922 41,332 51,254 7,187 21,087 28,274 4,663 7,916 12,579 92,107
4.2 17.5 21.7 3.0 8.9 12.0 2.0 3.4 5.3 39.1
39,379 166,496 205,875 28,320 85,462 113,782 16,371 28,911 45,282 364,939
4.1 17.4 21.5 3.0 8.9 11.9 1.7 3.0 4.7 38.2
3,977 40,176 44,153 3,136 21,791 24,927 6,051 6,302 12,353 81,433
1.9 18.7 20.5 1.5 10.1 11.6 2.8 2.9 5.7 37.9
5,622 39,210 44,832 3,391 20,978 24,369 3,495 6,655 10,150 79,351
2.6 18.2 20.8 1.6 9.7 11.3 1.6 3.1 4.7 36.8
1,645 (966) 679 255 (813) (558) (2,556) 353 (2,203) (2,082)
41.4 (2.4) 1.5 8.1 (3.7) (2.2) (42.2) 5.6 (17.8) (2.6)
(4,300) (2,122) (6,422) (3,796) (109) (3,905) (1,168) (1,261) (2,429) (12,756)
(43.3) (5.1) (12.5) (52.8) (0.5) (13.8) (25.0) (15.9) (19.3) (13.8)
Total workgroup Total software licenses, maintenance and subscriptions Software licenses Maintenance and subscriptions Total product revenue Services Total net revenue
44,416 150,872 195,288 40,378 $ 235,666
18.8 64.0 82.9 17.1 100.0 $
188,983 616,493 805,476 151,037 956,513
19.8 64.5 84.2 15.8 100.0 $
28,267 158,815 187,082 27,789 214,871
13.2 73.9 87.1 12.9 100.0
30,250 158,329 188,579 27,016 $ 215,595
14.0 73.4 87.5 12.5 100.0 $
1,983 (486) 1,497 (773) 724
7.0 (0.3) 0.8 (2.8) 0.3
(14,166) 7,457 (6,709) (13,362) $ (20,071)
(31.9) 4.9 (3.4) (33.1) (8.5)
Revisions were made to prior period amounts in order to conform to the current period's presentation.
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Novell, Inc. Major IT Software and Solutions Included Within Reported Line Items
Open Platform Solutions Linux Platform Products > SUSE LINUX Enterprise Server > SUSE LINUX Enterprise Desktop Other Open Platform Products > openSUSE > SUSE Engineering Identity and Security Management Identity, Access and Compliance Management > Identity Manager > SecureLogin > Access Manager > Sentinel Other Identity and Security Management > eDirectory Systems and Resource Management > ZENworks Suite > ZENworks Patch Management > ZENworks Asset Management > ZENworks Linux Management > ZENworks Configuration Management > PlateSpin > Managed Objects Workgroup Open Enterprise Server and NetWare-Related > Open Enterprise Server (OES) > NetWare > Cluster Services Collaboration > GroupWise > Teaming + Conferencing Other Workgroup > BorderManager Services > Professional Services > Technical Support Services > Training Services