More on the Novell earnings
I put a quick post up yesterday noting Novell's improved earnings last quarter, and wanted to follow it up with Jason Maynard's (Credit Suisse) more studied analysis. Net net: the company seems to have stabilized but the long-term benefits from selling out to Microsoft aren't going to sell.
Q3 results came in above our estimates and consensus due to higher professional services fees as well as improved expense controls. Despite the outperformance, the company did not change its revenue and earnings goals for F2007, but management did indicate they expect to exceed its operating income target range of $0-10M.… Read more