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Novell makes shock profit

We're in the money...

By Kate Hanaghan

Published: 1 March 2002 07:45 GMT

Former software giant Novell has posted a surprise profit for its first financial quarter.

The purchase of Cambridge Technology Partners last summer contributed to its $8.4m windfall. This is in contrast to it net loss of $7.8m in the equivalent quarter of the previous year.

However the good news is not set to last. The company's CEO Ron Foster warned that a continued weakening in IT services consulting would contribute to lower revenues in the second quarter.

For all you'll ever need to know on Novell, see the silicon.com Fact File http://www.silicon.com/a51100

Plus, check out the Novell Dossier for a sneak insider's view of the company
http://www.silicon.com/a51099

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