Reading the financial report. Hope the numbers are more accurate then the the legend statement (In thousands, except per share data)? I think they meant Millions.
Ohh well, Their expenses
Novell, Inc.
Consolidated Unaudited Condensed Statements of Operations
(In thousands, except per share data)
Fourth Fiscal Quarter Ended Fiscal Year Ended
Oct 31, Oct 31, Oct 31, Oct 31,
1998 1997 1998 1997
Net sales $297,579 $269,283 $1,083,887 $1,007,311
Cost of sales 65,650 62,630 238,649 277,446
Gross profit 231,929 206,653 845,238 729,865
Operating expenses
Sales and marketing 92,457 101,767 386,114 443,494
Product development 54,963 73,053 225,247 282,680
General & administrative 35,429 37,402 135,431 148,360
Restructuring charges -- -- -- 55,335
Total operating expenses 182,849 212,222 746,792 929,869
Income (loss) from
operations 49,080 (5,569) 98,446 (200,004)
Other income, net 9,280 19,359 43,188 49,434
Not only were sales up 11% but the operating expenses were down 20%. Some great numbers. And with NetWare5 still considered .0 code, the NetWare5 sales have not even kicked in yet! We should begin to see some real NetWare5 sales increases in Q1/99 report.
Also, BorderManager 3 and the strongly anticipated NDSforNT version 2 will be released very shortly. NOVL should also be receiving a sales boost from recent NDS acceptance industry news (i.e. LU,SCSO,NT).
As I said back in the spring, this Q report would be their Pheonix. Its now uphill from here forward!
What a go NOVL and Schmidt!
Toy
Income (loss) before
taxes 58,360 13,790 141,634 (150,570)
Income taxes 16,341 6,619 39,658 (72,274)
Net income (loss) $42,019 $7,171 $101,976 ($78,296)
Weighted average shares:
Basic* 345,871 349,686 350,525 348,149
Diluted* 354,105 353,337 356,437 349,429
Net income (loss)
per share:
Basic* $0.12 $0.02 $0.29 ($0.22)
Diluted* $0.12 $0.02 $0.29 ($0.22) |
