Novell's quarterly profit meets estimates
Novell Inc., the second-largest US seller of Linux software, met analysts' estimates with its fourth-quarter profit, excluding some costs, after it cut jobs and offloaded consulting tasks to partner companies.
Leaving out the expense of writing down securities and other costs, profit was $20.3 million, or 6 cents a share, compared with $23.4 million, or 7 cents, a year earlier, the Waltham firm said. Sales were little changed at $244.7 million.
Novell eliminated about 10 percent of its workers last year and is handling more of its orders online, rather than relying on a traditional sales force. Its software competes with Red Hat's version of the Linux operating system.
Novell said it has no immediate plans to lay off workers. It employs 4,000, including 300 in Massachusetts.