For its third fiscal quarter ended 31 July 2009, Novell has reported net revenue of $216-million. This compares to net revenue of $245-million for the third fiscal quarter of 2008.

GAAP income from operations for the third fiscal quarter of 2009 was $21-million, compared to GAAP income from operations of $1-million for the third fiscal quarter of 2008. GAAP net income in the third fiscal quarter of 2009 was $17-million, or $0.05 per share. This compares to GAAP net loss of $15-million, or $0.04 loss per share, for the third fiscal quarter of 2008.
In the third fiscal quarter of 2009, foreign currency exchange rates negatively impacted net revenue by $6-million and favourably impacted operating expenses by $8-million and income from operations by $2-million compared to the same period last year.
On a non-GAAP basis, income from operations for the third fiscal quarter of 2009 was $33-million. This compares to non-GAAP income from operations of $24-million in the year-ago quarter. Non-GAAP net income for the third fiscal quarter of 2009 was $25-million, or $0.07 per share. This compares to non-GAAP net income of $18-million, or $0.05 per share, for the third fiscal quarter of 2008.
Novell reported $40-million of product revenue from open platform solutions, of which $38-million was from Linux platform products, up 22% 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, down 16% 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 15% compared to the same period last year. Workgroup product revenue of $81-million decreased 12% compared to the same period last year.
"Operating margin continued to expand year-over-year due to diligent expense management, however revenue performance was similar to many companies in the software industry," says Ron Hovsepian, president and CEO of Novell. "We remain focused on delivering strong operating margins even as we continue to invest to generate long-term revenue growth."
Cash, cash equivalents and short-term investments were $921-million at 31 July 2009, down from $1-billion last quarter due primarily to the retirement of our outstanding convertible debentures. Days sales outstanding in accounts receivable was 71 days at the end of the third fiscal quarter of 2009, improved from 78 days at the end of the year-ago quarter. Total deferred revenue was $674-million at the end of the third fiscal quarter of 2009, down from $726-million at the end of the year-ago quarter.
For the third fiscal quarter of 2009, cash flow from operations was $35-million. This compares to cash flow from operations of $29-million in the third fiscal quarter of 2008.