Novell announced good financial results for its second fiscal quarter on May 28th, which ended April 30, 2009. While the net revenue of $216 million was down compared to the net revenue of $236 million for the second fiscal quarter of 2008, Novell squeezed out an increase in its net revenue by cutting costs. Net income was up to $16 million, or a nickel per share form $6 million, or two-cents per share, for the second fiscal quarter of 2008.
The company saw its biggest growth in its Open Platform Solutions area, which, for all intents and purposes, is Novell’s Linux business. Open Platform showed $39 million revenue, and $37 million of that was from its Linux Platform Products. Novell also saw a bit of growth in its Identity and Security Management division. Workgroup product revenue, which was the single biggest profit center, with $79 million of revenue, saw a decrease of 14% year over year. This area, the old NetWare business under a different name, will continue to decline as more and more businesses move away from NetWare.