Novell profit tops Street; raises '08 revenue view
Software maker sees increased Linux sales and lower costs for the quarter.
The company also raised its revenue outlook for the year, and its shares rose 3.2 percent in extended trade.
First-quarter net income was $16.8 million, or 5 cents per share, compared with a net loss of $19.9 million, or 6 cents per share, a year ago.
Non-GAAP income from continuing operations was 8 cents a share, above Wall Street analysts' average estimate of 5 cents a share, according to Reuters Estimates.
Revenue rose to $230.9 million from $218.4 million a year ago. Analysts had been expecting revenue of $224.8 million.
Novell said Linux sales rose 65 percent to $28 million in the quarter.
Novell raised its full-year net revenue outlook to between $940 million and $970 million. It had previously expected revenue of $920 million to $945 million, and analysts had been expecting $933.6 million, on average, according to Reuters Estimates.
Novell shares rose to $6.75 in extended trade after closing at $6.54 on Nasdaq, down 3.5 percent in the regular session.