Exhibit 99.1
FOR IMMEDIATE RELEASE
December 13, 2007
Novell Reports Financial Results for Fourth Fiscal Quarter and Full Fiscal Year 2007
• Fourth fiscal quarter 2007 product revenue grew 10% year-over-year, led by 69% Linux Platform Products revenue growth
• Achieved non-GAAP adjusted operating margin of 8% for fourth fiscal quarter 2007
WALTHAM, Mass. – December 13, 2007 – Novell, Inc. (NASDAQ:NOVL) today announced financial results for its fourth fiscal quarter and full fiscal year ended October 31, 2007. For the quarter, Novell reported net revenue of $245 million, which excludes $6 million of revenue from its Swiss-based business consulting unit, which Novell agreed to sell during the quarter. This compares to net revenue of $234 million for the fourth fiscal quarter 2006. The loss from operations for the fourth fiscal quarter 2007 was $13 million, compared to income from operations of $4 million for the fourth fiscal quarter 2006. The loss available to common stockholders from continuing operations in the fourth fiscal quarter 2007 was $9 million, or $0.03 loss per common share. This compares to income available to common stockholders from continuing operations of $21 million, or $0.05 per diluted common share, for the fourth fiscal quarter 2006. Foreign currency exchange rates favorably impacted total revenue by approximately $6 million and did not materially impact the loss from operations year-over-year.
On a non-GAAP basis, adjusted income from operations for the fourth fiscal quarter 2007 was $20 million. This compares to non-GAAP adjusted income from operations of $18 million in the year-ago quarter. Non-GAAP adjusted income available to common stockholders from continuing operations for the fourth fiscal quarter 2007 was $20 million, or $0.06 per adjusted diluted common share. This compares to non-GAAP adjusted income available to common stockholders from continuing operations of $20 million, or $0.05 per adjusted diluted common share, for the fourth fiscal quarter 2006.
In the fourth fiscal quarter 2007, Novell entered into an agreement to sell its Swiss-based business consulting unit. Accordingly, all financial results for this unit were excluded from Novell's continuing operations for income statement reporting purposes and are reported as discontinued operations.
For the full fiscal year 2007, Novell reported net revenue of $932 million and a loss available to common stockholders from continuing operations of $26 million, or $0.08 loss per common share. Comparatively, net revenue for the full fiscal year 2006 was $919 million and income available to common stockholders from continuing operations was $4 million, or $0.01 per diluted common share. Foreign currency exchange rates favorably impacted total revenue by approximately $15 million and negatively impacted the loss from operations by $5 million year-over-year.
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For the fourth fiscal quarter 2007, Novell reported $23 million of revenue from Open Platform Solutions of which $22 million was from Linux* Platform Products, up 69% year-over-year. Linux Platform Products invoicing was $46 million during the quarter, up 108% year-over-year. Revenue from Identity and Security Management was $33 million of which Identity and Access Management was $30 million, up 27% year-over-year. Revenue from Systems and Resource Management was $36 million, up 5% year-over-year. Workgroup revenue of $88 million was up 1% year-over-year.
“We are pleased with our overall results for 2007. While undergoing transformational change, we grew revenue and exceeded our operating targets. We are on the right path to long-term, sustainable profitability,” said Ron Hovsepian, President and CEO of Novell.
Cash, cash equivalents and short-term investments were $1.9 billion at October 31, 2007, up from $1.5 billion last year. Days sales outstanding in accounts receivable was 77 days at the end of the fourth fiscal quarter 2007, down from 86 days at the end of the year-ago quarter. Total deferred revenue was $768 million at the end of the fourth fiscal quarter 2007, up $341 million, or 80%, from October 31, 2006. Cash flow from operations was $77 million for the fourth fiscal quarter 2007, compared to $62 million in the fourth fiscal quarter 2006.
Full details on Novell's reported results, including a reconciliation of the non-GAAP adjusted results, are included in the financial schedules that are a part of this release.
Financial Outlook
Novell management issues the following financial guidance:
For the full fiscal year 2008:
- Net revenue is expected to be between $920 million and $945 million.
- Non-GAAP adjusted operating margin is expected to be between 7% and 9%.
We supplement our consolidated unaudited condensed financial statements presented in accordance with GAAP with certain non-GAAP financial measures. These non-GAAP measures include adjusted income from operations, adjusted operating margin, adjusted diluted income available to common stockholders from continuing operations, and adjusted diluted income per common share from continuing operations based on an adjusted number of diluted weighted average shares. We provide non-GAAP financial measures to (i) enhance an overall understanding of our current financial performance and prospects for the future and (ii) enable investors to evaluate our performance in the same way that management does. Management uses these non-GAAP adjusted financial measures to evaluate performance, allocate resources, and determine commissions and bonuses. The non-GAAP adjusted financial measures do not replace the presentation of our GAAP financial results, but they eliminate expenses and gains that are unusual, that are excluded from analysts' consensus estimates, and/or that arise outside of the ordinary course of business, such as, but not limited to, stock-based compensation expenses, restructuring expenses, asset impairments, litigation judgments and settlements, the write-off of acquired in-process research and development, and gains (losses) on the sale of business operations, long-term investments, and property, plant and equipment.
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A summary of Novell’s vision, mission and strategy can be accessed on the Novell® Web site at:http://www.novell.com/company/ir/qresults/.
Conference Call Notification and Web Access Detail
A live Webcast of a Novell conference call to discuss the quarter and the year will be broadcast at 5:00 PM ET December 13, 2007, from Novell’s Investor Relations Web page:
http://www.novell.com/company/ir/qresults/. The domestic conference call dial-in number is 866-335-5255, password “Novell”, and the international dial-in number is +1-706-679-2263, password “Novell”.
The call will be archived on the Novell Web site approximately two hours after its conclusion and will remain on the Web site until December 28, 2007. The call will also be available for telephone playback through midnight ET, December 28, 2007. The domestic toll-free replay number is 800-642-1687, and the international replay number is +1-706-645-9291. Replay listeners must enter conference ID number 28171181.
A copy of this press release is posted on Novell's Web site at:
http://www.novell.com/company/ir/qresults/.
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Legal Notice Regarding Forward-Looking Statements
This press release includes statements that are not historical in nature and that may be characterized as “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act, including those related to future financial and operating results, benefits and synergies of the company’s brands and strategies, future opportunities and the growth of the market for Identity and Access Management and Linux Platform Products. You should be aware that Novell's actual results could differ materially from those contained in the forward-looking statements, which are based on current expectations of Novell management and are subject to a number of risks and uncertainties, including, but not limited to, Novell's ability to transform its business through the implementation of its strategic plan, Novell's ability to realize the benefits anticipated from the Microsoft transaction and Novell's restructuring plan, and the expected charges to be incurred and payments to be made under the restructuring plan, Novell's ability to achieve its expense targets, Novell's success in executing its Linux Platform Products, Identity and Access Management, and Systems and Resource Management strategies, Novell's ability to take a competitive position in the Linux Platform Products, Identity and Access Management, and Systems and Resource Management industries, business conditions and the general economy, market opportunities, potential new business strategies, competitive factors, sales and marketing execution, shifts in technologies or market demand, Novell's ability to integrate acquired operations and employees, and the other factors described in Novell's Annual Report on Form 10-K filed with the Securities and Exchange Commission on May 25, 2007. Novell disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release except as required by the securities laws.
About Novell
Novell, Inc. (Nasdaq: NOVL) delivers infrastructure software for the Open Enterprise. Novell is a leader in desktop to data center operating systems based on Linux and the software required to secure and manage mixed IT environments. Novell helps customers around the world minimize cost, complexity and risk, allowing them to focus on innovation and growth. For more information, visitwww.novell.com.
_________________
* Linux is a registered trademark of Linus Torvalds. All other third-party trademarks are the property of their respective owners.
Press Contact:
Bruce Lowry
Novell, Inc.
Phone: 415-383-8408
E-Mail: blowry@novell.com
Investor Relations Contact:
Susan Walker White
Novell, Inc.
Phone: 800-317-3195
E-Mail: swhite@novell.com
Page 5 of 13 Novell, Inc. Consolidated Unaudited Condensed Statements of Operations (In thousands, except per share data) Fiscal Quarter Ended Fiscal Year Ended ----------------------------- ----------------------------- Oct 31, 2007 Oct 31, 2006 Oct 31, 2007 Oct 31, 2006 ------------ ------------- ------------ ------------- Net revenue: Software licenses $ 51,055 $ 46,078 $ 175,877 $ 173,678 Maintenance and subscriptions 128,272 117,384 494,675 479,283 Services (1) 65,609 70,320 261,947 266,370 ------------ ------------- ------------ ------------- Total net revenue 244,936 233,782 932,499 919,331 ------------ ------------- ------------ ------------- Cost of revenue: Software licenses 5,705 4,591 19,478 18,161 Maintenance and subscriptions 12,849 11,886 48,272 49,680 Services 46,160 50,715 192,504 213,171 ------------ ------------- ------------ ------------- Total cost of revenue 64,714 67,192 260,254 281,012 ------------ ------------- ------------ ------------- Gross profit 180,222 166,590 672,245 638,319 ------------ ------------- ------------ ------------- Operating expenses: Sales and marketing 84,327 87,769 346,777 353,750 Product development 55,134 43,544 208,370 180,380 General and administrative 29,527 23,088 111,006 102,259 ------------ ------------- ------------ ------------- Total operating expenses before other 168,988 154,401 666,153 636,389 Income from operations before other operating expenses 11,234 12,189 6,092 1,930 Other operating expenses (2) 24,525 8,525 61,860 44,124 ------------ ------------- ------------ ------------- Income (loss) from operations (13,291) 3,664 (55,768) (42,194) Other income, net 16,937 32,792 64,183 69,374 ------------ ------------- ------------ ------------- Income from continuing operations, before income taxes 3,646 36,456 8,415 27,180 Income tax expense 12,809 17,115 34,691 22,642 ------------ ------------- ------------ ------------- Income (loss) from continuing operations (9,163) 19,341 (26,276) 4,538 Income (loss) from discontinued operations, before income taxes (8,785) (371) (18,253) 16,576 Income tax expense (benefit) on discontinued operations - (900) (69) 1,561 ------------ ------------- ------------ ------------- Income (loss) from discontinued operations (8,785) 529 (18,184) 15,015 Income (loss) before cumulative effect of a change in accounting principle (17,948) 19,870 (44,460) 19,553 Cumulative effect of a change in accounting principle - - - (897) ------------ ------------- ------------ ------------- Net income (loss) $ (17,948) $ 19,870 $ (44,460) $ 18,656 ============ ============= ============ ============= Income (loss) available to common stockholders: Continuing operations $ (9,163) $ 20,703 $ (26,276) $ 4,332 ============ ============= ============ ============= Net income (loss) $ (17,948) $ 21,229 $ (44,460) $ 18,220 ============ ============= ============ ============= Income (loss) per share available to common stockholders: Continuing operations $ (0.03) $ 0.05 $ (0.08) $ 0.01 Net income (loss) $ (0.05) $ 0.05 $ (0.13) $ 0.05 Weighted average shares 350,017 395,456 (3) 347,552 365,659 (1) Services includes consulting, technical support and training services (2) See Page 8 of 13 for a detail of other operating expenses. (3) Weighted average shares includes 52 million potential shares related to convertible debt. Reclassifications, none of which affected net income (loss), were made to prior period amounts in order to conform to the current period's presentation. Stock-based compensation expense recorded in above amounts: Fiscal Quarter Ended Fiscal Year Ended ----------------------------- ----------------------------- Oct 31, 2007 Oct 31, 2006 Oct 31, 2007 Oct 31, 2006 ------------ ------------- ------------ ------------- Cost of revenue $ 1,184 $ 1,077 $ 4,425 $ 4,096 ------------ ------------- ------------ ------------- Sales and marketing 2,631 2,138 9,722 11,533 Product development 2,595 1,885 9,965 8,226 General and administrative 1,942 1,053 7,729 11,147 ------------ ------------- ------------ ------------- Total operating expenses 7,168 5,076 27,416 30,906 ------------ ------------- ------------ ------------- Continuing operations 8,352 6,153 31,841 35,002 Discontinued operations - - - 263 ------------ ------------- ------------ ------------- Total stock-based compensation expense $ 8,352 $ 6,153 $ 31,841 $ 35,265 ============ ============= ============ =============
Page 6 of 13 Novell, Inc. Consolidated Unaudited Condensed Balance Sheets (In thousands) Oct 31, 2007 Oct 31, 2006 --------------------- --------------------- Assets Current assets: Cash and cash equivalents $ 1,079,819 $ 675,787 Short-term investments 777,818 790,500 Receivables, net 208,318 233,986 Prepaid expenses 53,316 32,328 Other current assets 35,065 28,524 --------------------- --------------------- Total current assets 2,154,336 1,761,125 Property, plant and equipment, net 180,537 184,084 Long-term investments 37,304 2,263 Goodwill 404,612 424,701 Intangible assets, net 33,572 40,404 Deferred income taxes 14,518 4,770 Other assets 29,515 32,376 --------------------- --------------------- Total assets $ 2,854,394 $ 2,449,723 ===================== ===================== Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 45,135 $ 44,419 Accrued compensation 112,794 103,710 Other accrued liabilities 122,850 106,837 Income taxes payable 46,724 49,600 Deferred revenue 494,615 380,979 --------------------- --------------------- Total current liabilities 822,118 685,545 Deferred income taxes 884 4,186 Long-term deferred revenue 273,066 45,992 Senior convertible debentures 600,000 600,000 --------------------- --------------------- Total liabilities 1,696,068 1,335,723 Preferred stock - 9,350 Stockholders' equity 1,158,326 1,104,650 --------------------- --------------------- Total liabilities and stockholders' equity $ 2,854,394 $ 2,449,723 ===================== =====================
Page 7 of 13 Novell, Inc. Consolidated Unaudited Condensed Statements of Cash Flows (In thousands) Fiscal Quarter Ended Fiscal Year Ended ----------------------------------------------- ----------------------------------------------- Oct 31, 2007 Oct 31, 2006 Oct 31, 2007 Oct 31, 2006 --------------------- --------------------- --------------------- --------------------- Cash flows from operating activities Net income (loss) $ (17,948) $ 19,870 $ (44,460) $ 18,656 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Stock-based compensation expense 8,352 6,153 31,841 35,265 Stock-based compensation modification expense - - 2,475 - Depreciation and amortization 9,275 13,068 40,438 46,976 Change in accounts receivable allowances (844) (2,228) (1,722) (6,888) Utilization of previously reserved acquired net operating losses 9 2,725 4,844 6,585 Purchased in-process research and development - - - 2,110 Net gain on sale of property, plant and equipment - - - (5,968) (Gain) loss on sale of Japan consulting group (1,200) - (1,200) 8,273 Executive termination benefits, non-cash - - - 9,409 Gain on long-term investments, net (1,179) (1,371) (2,917) (745) Gain on sale of venture capital funds - (17,953) (3,591) (17,953) Impairment of intangible assets - 1,230 3,851 1,230 Loss (gain) on sale of discontinued operations, before taxes 8,855 843 19,075 (11,117) Cumulative effect of change in accounting principle - - - 897 Changes in current assets and liabilities, excluding the effect of acquisitions and dispositions 71,574 39,924 371,948 12,308 --------------------- --------------------- --------------------- --------------------- Net cash provided by operating activities 76,894 62,261 420,582 99,038 --------------------- --------------------- --------------------- --------------------- Cash flows from financing activities Issuance of common stock, net 4,017 18,457 18,392 40,131 Excess tax effects from stock-based compensation 6,742 11,005 13,099 15,263 Payment of cash dividends on Series B Preferred Stock - (46) (5) (187) Repurchases of common stock, retired - - - (400,000) --------------------- --------------------- --------------------- --------------------- Net cash provided (used) by financing activities 10,759 29,416 31,486 (344,793) --------------------- --------------------- --------------------- --------------------- Cash flows from investing activities Purchases of property, plant and equipment (7,756) (7,128) (25,235) (26,668) Proceeds from the sale of property, plant and equipment - - - 24,992 Proceeds from repayment of note receivable - - - 9,092 Short-term investment activity 52,096 12,184 (20,237) 57,219 Long-term investment activity 1,179 2,901 2,917 1,473 Cash paid for equity share of Open Invention Network, LLC - - - (4,225) Proceeds from the sale of Celerant, net of cash divested - - - 37,922 Proceeds from the sale of Japan consulting group, net of cash divested 1,200 1,450 1,200 1,450 Proceeds from the sale of Salmon, net of cash divested - - 2,749 - Proceeds from the sale of venture capital funds - 71,298 4,964 71,298 Cash paid for acquisition of e-Security, net of cash acquired - - - (71,550) Cash paid for acquisition of RedMojo, net of cash acquired - - (9,727) - Cash paid for acquisition of Senforce, net of cash acquired (19,977) - (19,977) - Purchases of intangible assets - - (1,175) (1,159) Other 8,045 2,689 16,485 10,460 --------------------- --------------------- --------------------- --------------------- Net cash provided (used) by investing activities 34,787 83,394 (48,036) 110,304 --------------------- --------------------- --------------------- --------------------- Increase (decrease) in cash and cash equivalents 122,440 175,071 404,032 (135,451) Cash and cash equivalents - beginning of period 957,379 500,716 675,787 811,238 --------------------- --------------------- --------------------- --------------------- Cash and cash equivalents - end of period $1,079,819 $ 675,787 $1,079,819 $ 675,787 ===================== ===================== ===================== =====================
Page 8 of 13 Novell, Inc. Unaudited Non-GAAP Adjusted Income From Operations (In thousands, except per share data) Fiscal Quarter Ended Fiscal Year Ended ---------------------------------------- ---------------------------------------- Oct 31, 2007 Oct 31, 2006 Oct 31, 2007 Oct 31, 2006 ----------------- ----------------- ----------------- ----------------- GAAP income (loss) from operations $ (13,291) $ 3,664 $ (55,768) $ (42,194) ----------------- ----------------- ----------------- ----------------- Adjustments: Stock-based compensation expense 8,352 6,153 31,841 35,002 ----------------- ----------------- ----------------- ----------------- Other operating expenses (income): Restructuring expenses 25,206 5,405 43,097 4,405 Purchased in-process research and development - - - 2,110 Net gain on sale of property, plant and equipment - - - (5,968) Litigation-related expense (income) - - (93) 22,775 (Gain) loss on sale of Japan consulting group (1,200) - (1,200) 8,273 Executive termination benefits - - - 9,409 Impairment of intangible assets - 1,230 3,851 1,230 Stock-based compensation review expenses 519 1,890 16,205 1,890 ----------------- ----------------- ----------------- ----------------- Sub-total 24,525 8,525 61,860 44,124 ----------------- ----------------- ----------------- ----------------- Total operating adjustments 32,877 14,678 93,701 79,126 Non-GAAP income from operations $ 19,586 $ 18,342 $ 37,933 $ 36,932 ================= ================= ================= ================= Operating Margin % 8.0% 7.8% 4.1% 4.0%
Novell, Inc. Unaudited Non-GAAP Adjusted Net Income (In thousands, except per share data) Fiscal Quarter Ended Fiscal Year Ended ---------------------------------------- ---------------------------------------- Oct 31, 2007 Oct 31, 2006 Oct 31, 2007 Oct 31, 2006 ----------------- ----------------- ----------------- ----------------- GAAP income (loss) available to common stockholders from continuing operations $ (9,163) $ 20,703 $ (26,276) $ 4,332 ----------------- ----------------- ----------------- ----------------- Operating adjustments (detailed above) 32,877 14,678 93,701 79,126 ----------------- ----------------- ----------------- ----------------- Non-operating expenses (income) adjustments: Gain on sale of venture capital funds - (17,953) (3,591) (17,953) Gain on long-term investments, net (1,179) (1,371) (2,917) (735) ----------------- ----------------- ----------------- ----------------- Sub-total (1,179) (19,324) (6,508) (18,688) ----------------- ----------------- ----------------- ----------------- Total pre-tax adjustments 31,698 (4,646) 87,193 60,438 Income tax adjustments (2,636) 4,216 (7,010) (2,552) Diluted income adjustments: Debt interest expense - - - 5,972 Allocation of earnings to preferred stockholders - 1 - (239) ----------------- ----------------- ----------------- ----------------- Total net adjustments 29,062 (429) 80,183 63,619 Non-GAAP diluted income available to common stockholders from continuing operations $ 19,899 $ 20,274 $ 53,907 $ 67,951 ================= ================= ================= ================= GAAP income (loss) per common share from continuing operations $ (0.03) $ 0.05 $ (0.08) $ 0.01 Total adjustments detailed above 0.09 (0.00) 0.23 0.15 ----------------- ----------------- ----------------- ----------------- Non-GAAP diluted income per common share from continuing operations $ 0.06 $ 0.05 $ 0.15 $ 0.16 ================= ================= ================= ================= GAAP weighted average shares from continuing operations 350,017 395,456 347,552 365,659 Change in dilution from assumed: Conversion of convertible debt - - - 52,074 Stock option exercises 5,504 1,655 5,782 4,358 ----------------- ----------------- ----------------- ----------------- Non-GAAP diluted weighted average shares 355,521 397,111 353,334 422,091 ================= ================= ================= ================= Revisions were made to prior period amounts in order to conform to the current period's presentation.
Page 9 of 13 Novell, Inc. Consolidated Unaudited Condensed Statements of Operations (In thousands, except per share data) Fiscal Year Fiscal Year Q4 2006 % 2006 % Q3 2007 % Q4 2007 % 2007 % --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Net revenue: Software licenses $ 46,078 19.7 $ 173,678 18.9 $ 44,748 18.9 $ 51,055 20.8 $ 175,877 18.9 Maintenance and subscriptions 117,384 50.2 479,283 52.1 124,832 52.7 128,272 52.4 494,675 53.0 Services 70,320 30.1 266,370 29.0 67,210 28.4 65,609 26.8 261,947 28.1 --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Total net revenue 233,782 100.0 919,331 100.0 236,790 100.0 244,936 100.0 932,499 100.0 --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Cost of revenue: Software licenses 4,591 2.0 18,161 2.0 5,286 2.2 5,705 2.3 19,478 2.1 Maintenance and subscriptions 11,886 5.1 49,680 5.4 12,498 5.3 12,849 5.2 48,272 5.2 Services 50,715 21.7 213,171 23.2 48,739 20.6 46,160 18.8 192,504 20.6 --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Total cost of revenue 67,192 28.7 281,012 30.6 66,523 28.1 64,714 26.4 260,254 27.9 --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Gross profit 166,590 71.3 638,319 69.4 170,267 71.9 180,222 73.6 672,245 72.1 --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Operating expenses: Sales and marketing 87,769 37.5 353,750 38.5 84,176 35.5 84,327 34.4 346,777 37.2 Product development 43,544 18.6 180,380 19.6 54,207 22.9 55,134 22.5 208,370 22.3 General and administrative 23,088 9.9 102,259 11.1 28,219 11.9 29,527 12.1 111,006 11.9 --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Total operating expenses before other 154,401 66.0 636,389 69.2 166,602 70.4 168,988 69.0 666,153 71.4 --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Income from operations before other operating expenses 12,189 5.2 1,930 0.2 3,665 1.5 11,234 4.6 6,092 0.7 Other operating expenses 8,525 3.6 44,124 4.8 13,780 5.8 24,525 10.0 61,860 6.6 --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Income (loss) from operations 3,664 1.6 (42,194) (4.6) (10,115) (4.3) (13,291) (5.4) (55,768) (6.0) --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Other income Investment income 34,670 14.8 77,372 8.4 21,611 9.1 23,562 9.6 90,122 9.7 Other, net (1,878) (0.8) (7,998) (0.9) (6,158) (2.6) (6,625) (2.7) (25,939) (2.8) --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Other income, net 32,792 14.0 69,374 7.5 15,453 6.5 16,937 6.9 64,183 6.9 --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Income from continuing operations, before income taxes 36,456 15.6 27,180 3.0 5,338 2.3 3,646 1.5 8,415 0.9 Income tax expense 17,115 7.3 22,642 2.5 8,970 3.8 12,809 5.2 34,691 3.7 --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Income (loss) from continuing operations 19,341 8.3 4,538 0.5 (3,632) (1.5) (9,163) (3.7) (26,276) (2.8) Income (loss) from discontinued operations, before income taxes (371) (0.2) 16,576 1.8 (47) (0.0) (8,785) (3.6) (18,253) (2.0) Income tax expense (benefit) on discontinued operations (900) (0.4) 1,561 0.2 - - - - (69) (0.0) --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Income (loss) from discontinued operations 529 0.2 15,015 1.6 (47) (0.0) (8,785) (3.6) (18,184) (2.0) --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Income (loss) before cumulative effect of a change in accounting principle 19,870 8.5 19,553 2.1 (3,679) (1.6) (17,948) (7.3) (44,460) (4.8) Cumulative effect of a change in accounting principle - - (897) (0.1) - - - - - - --------- ----- --------- ----- --------- ------ --------- ------ --------- ------ Net income (loss) $ 19,870 8.5 $ 18,656 2.0 $ (3,679) (1.6) $(17,948) (7.3) $(44,460) (4.8) ========= ===== ========= ===== ========= ====== ========= ====== ========= ====== Income (loss) available to common stockholders: Continuing operations $ 20,703 8.9 $ 4,332 0.5 $ (3,632) (1.5) $ (9,163) (3.7) $ (26,276) (2.8) ========= ===== ========= ===== ========= ====== ========= ====== ========= ====== Net income (loss) $ 21,229 9.1 $ 18,220 2.0 $ (3,679) (1.6) $ (17,948) (7.3) $ (44,460) (4.8) ========= ===== ========= ===== ========= ====== ========= ====== ========= ====== Income (loss) per share available to common stockholders: Continuing operations $ 0.05 $ 0.01 $ (0.01) $ (0.03) $ (0.08) Net income (loss) $ 0.05 $ 0.05 $ (0.01) $ (0.05) $ (0.13) Weighted average shares 395,456 (1) 365,659 348,177 350,017 347,552 (1) Weighted average shares includes 52 million potential shares related to convertible debt. Reclassifications, none of which affected net income (loss), were made to the prior period amounts in order to conform to the current period's presentation.
Page 10 of 13 Novell, Inc. Consolidated Unaudited Condensed Segment Results (in thousands, except per share data) Fiscal Quarter Ended October 31, 2007 ----------------------------------------------------------------------------------------------------------------- Identity Systems Open Platform and Security and Resource Common Solutions % Management % Management % Workgroup % Unallocated Total % ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Net revenue: Software licenses $ - - $ 14,917 27.3 $ 10,395 22.8 $ 25,743 23.0 $ - $ 51,055 20.8 Maintenance and subscriptions 23,153 70.7 17,710 32.4 25,403 55.6 62,006 55.5 - 128,272 52.4 Services 9,610 29.3 22,094 40.4 9,853 21.6 24,052 21.5 - 65,609 26.8 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Total net revenue 32,763 100.0 54,721 100.0 45,651 100.0 111,801 100.0 - 244,936 100.0 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Cost of revenue: Software licenses - - 2,781 5.1 1,271 2.8 1,653 1.5 - 5,705 2.3 Maintenance and subscriptions 2,412 7.4 3,301 6.0 3,107 6.8 3,981 3.6 48 12,849 5.2 Services 7,607 23.2 18,917 34.6 4,381 9.6 14,119 12.6 1,136 46,160 18.8 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Total cost of revenue 10,019 30.6 24,999 45.7 8,759 19.2 19,753 17.7 1,184 64,714 26.4 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Gross profit 22,744 69.4 29,722 54.3 36,892 80.8 92,048 82.3 (1,184) 180,222 73.6 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Operating expenses: Sales and marketing - - - - - - - - 84,327 84,327 34.4 Product development 13,927 42.5 15,134 27.7 10,576 23.2 12,902 11.5 2,595 55,134 22.5 General and administrative - - - - - - - - 29,527 29,527 12.1 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Total operating expenses before other 13,927 42.5 15,134 27.7 10,576 23.2 12,902 11.5 116,449 168,988 69.0 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Income (loss) from operations before other operating expenses $ 8,817 26.9 $ 14,588 26.7 $ 26,316 57.6 $ 79,146 70.8 $ (117,633) $ 11,234 4.6 ============ ====== ============ ====== ============ ====== ============ ====== ============ ============ ====== Fiscal Quarter Ended July 31, 2007 ----------------------------------------------------------------------------------------------------------------- Identity Systems Open Platform and Security and Resource Common Solutions % Management % Management % Workgroup % Unallocated Total % ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Net revenue: Software licenses $ 3 0.0 $ 12,967 25.1 $ 9,686 21.3 $ 22,092 20.6 $ - $ 44,748 18.9 Maintenance and subscriptions 22,067 68.5 16,832 32.5 25,164 55.3 60,769 56.6 - 124,832 52.7 Services 10,166 31.5 21,944 42.4 10,631 23.4 24,469 22.8 - 67,210 28.4 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Total net revenue 32,236 100.0 51,743 100.0 45,481 100.0 107,330 100.0 - 236,790 100.0 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Cost of revenue: Software licenses - - 2,786 5.4 1,101 2.4 1,399 1.3 - 5,286 2.2 Maintenance and subscriptions 2,132 6.6 3,409 6.6 2,876 6.3 4,039 3.8 42 12,498 5.3 Services 8,562 26.6 19,629 37.9 4,836 10.6 14,497 13.5 1,215 48,739 20.6 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Total cost of revenue 10,694 33.2 25,824 49.9 8,813 19.4 19,935 18.6 1,257 66,523 28.1 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Gross profit 21,542 66.8 25,919 50.1 36,668 80.6 87,395 81.4 (1,257) 170,267 71.9 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Operating expenses: Sales and marketing - - - - - - - - 84,176 84,176 35.5 Product development 13,639 42.3 15,529 30.0 10,147 22.3 12,208 11.4 2,684 54,207 22.9 General and administrative - - - - - - - - 28,219 28,219 11.9 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Total operating expenses before other 13,639 42.3 15,529 30.0 10,147 22.3 12,208 11.4 115,079 166,602 70.4 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Income (loss) from operations before other operating expenses $ 7,903 24.5 $ 10,390 20.1 $ 26,521 58.3 $ 75,187 70.1 $ (116,336) $ 3,665 1.5 ============ ====== ============ ====== ============ ====== ============ ====== ============ ============ ====== Fiscal Quarter Ended October 31, 2006 ----------------------------------------------------------------------------------------------------------------- Identity Systems Open Platform and Security and Resource Common Solutions % Management % Management % Workgroup % Unallocated Total % ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Net revenue: Software licenses $ 4 0.0 $ 10,950 20.3 $ 8,602 19.3 $ 26,522 23.0 $ - $ 46,078 19.7 Maintenance and subscriptions 13,906 69.2 17,329 32.1 25,420 57.1 60,729 52.7 - 117,384 50.2 Services 6,177 30.8 25,670 47.6 10,471 23.5 28,002 24.3 - 70,320 30.1 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Total net revenue 20,087 100.0 53,949 100.0 44,493 100.0 115,253 100.0 - 233,782 100.0 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Cost of revenue: Software licenses 1 0.0 2,135 4.0 880 2.0 1,575 1.4 - 4,591 2.0 Maintenance and subscriptions 2,329 11.6 3,115 5.8 2,615 5.9 3,789 3.3 38 11,886 5.1 Services 6,650 33.1 21,554 40.0 4,915 11.0 16,557 14.4 1,039 50,715 21.7 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Total cost of revenue 8,980 44.7 26,804 49.7 8,410 18.9 21,921 19.0 1,077 67,192 28.7 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Gross profit 11,107 55.3 27,145 50.3 36,083 81.1 93,332 81.0 (1,077) 166,590 71.3 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Operating expenses: Sales and marketing - - - - - - - - 87,769 87,769 37.5 Product development 11,406 56.8 13,802 25.6 5,843 13.1 10,608 9.2 1,885 43,544 18.6 General and administrative - - - - - - - - 23,088 23,088 9.9 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Total operating expenses before other 11,406 56.8 13,802 25.6 5,843 13.1 10,608 9.2 112,742 154,401 66.0 ------------ ------ ------------ ------ ------------ ------ ------------ ------ ------------ ------------ ------ Income (loss) from operations before other operating expenses $ (299) (1.5) $ 13,343 24.7 $ 30,240 68.0 $ 82,724 71.8 $ (113,819) $ 12,189 5.2 ============ ====== ============ ====== ============ ====== ============ ====== ============ ============ ====== Reclassifications, none of which affected net income (loss), were made to the prior period amounts in order to conform to the current period's presentation.
Page 11 of 13 Novell, Inc. Unaudited Trended Segment and Region Revenue (In thousands) Fiscal Year Fiscal Year Change from Revenue by segment Q4 2006 % 2006 % Q3 2007 % Q4 2007 % 2007 % Q4 2007 to Q4 2006 FY07 to FY06 ----------- ----- ----------- ------ ----------- ------ ----------- ------ ----------- ------ ------------------- ----------------- Open platform solutions Linux platform products $ 13,017 5.6 $ 45,296 4.9 $ 20,565 8.7 $ 22,000 9.0 $ 76,620 8.2 $ 8,983 69.0 $ 31,324 69.2 Other open platform products 893 0.4 8,146 0.9 1,505 0.6 1,153 0.5 7,031 0.8 260 29.1 (1,115) (13.7) ----------- ----- ----------- ------ ----------- ------ ----------- ------ ----------- ------ ---------- -------- --------- ------- Total open platform solutions 13,910 5.9 53,442 5.8 22,070 9.3 23,153 9.5 83,651 9.0 9,243 66.4 30,209 56.5 ----------- ----- ----------- ------ ----------- ------ ----------- ------ ----------- ------ ---------- -------- --------- ------- Identity and security management Identity and access management 23,773 10.2 97,721 10.6 26,690 11.3 30,107 12.3 104,132 11.2 6,334 26.6 6,411 6.6 Other identity and security management 4,506 1.9 17,975 2.0 3,109 1.3 2,520 1.0 12,420 1.3 (1,986) (44.1) (5,555) (30.9) ----------- ----- ----------- ------ ----------- ------ ----------- ------ ----------- ------ ---------- -------- --------- ------- Total identity and security management 28,279 12.1 115,696 12.6 29,799 12.6 32,627 13.3 116,552 12.5 4,348 15.4 856 0.7 ----------- ----- ----------- ------ ----------- ------ ----------- ------ ----------- ------ ---------- -------- --------- ------- Systems and resource management 34,022 14.6 134,579 14.6 34,850 14.7 35,798 14.6 135,230 14.5 1,776 5.2 651 0.5 ----------- ----- ----------- ------ ----------- ------ ----------- ------ ----------- ------ ---------- -------- --------- ------- Workgroup Open Enterprise Server 47,660 20.4 181,695 19.8 44,604 18.8 44,924 18.3 175,915 18.9 (2,736) (5.7) (5,780) (3.2) NetWare and other NetWare-related 8,365 3.6 47,779 5.2 5,830 2.5 5,958 2.4 25,075 2.7 (2,407) (28.8) (22,704) (47.5) Collaboration 24,394 10.4 96,176 10.5 24,689 10.4 25,716 10.5 96,174 10.3 1,322 5.4 (2) (0.0) Other workgroup 6,832 2.9 23,594 2.6 7,738 3.3 11,151 4.6 37,955 4.1 4,319 63.2 14,361 60.9 ----------- ----- ----------- ------ ----------- ------ ----------- ------ ----------- ------ ---------- -------- --------- ------- Total workgroup 87,251 37.3 349,244 38.0 82,861 35.0 87,749 35.8 335,119 35.9 498 0.6 (14,125) (4.0) ----------- ----- ----------- ------ ----------- ------ ----------- ------ ----------- ------ ---------- -------- --------- ------- Total software licenses, maintenance and subscriptions 163,462 69.9 652,961 71.0 169,580 71.6 179,327 73.2 670,552 71.9 15,865 9.7 17,591 2.7 Services 70,320 30.1 266,370 29.0 67,210 28.4 65,609 26.8 261,947 28.1 (4,711) (6.7) (4,423) (1.7) ----------- ----- ----------- ------ ----------- ------ ----------- ------ ----------- ------ ---------- -------- --------- ------- Total net revenue by segment $ 233,782 100.0 $ 919,331 100.0 $ 236,790 100.0 $ 244,936 100.0 $ 932,499 100.0 $ 11,154 4.8 $ 13,168 1.4 =========== ===== =========== ====== =========== ====== =========== ====== =========== ====== ========== ======== ========= ======= Revenue by region Americas $ 137,032 58.6 $ 536,813 58.4 $ 138,000 58.3 $ 139,596 57.0 $ 540,252 57.9 $ 2,564 1.9 $ 3,439 0.6 EMEA 75,239 32.2 297,651 32.4 78,595 33.2 84,721 34.6 312,682 33.5 9,482 12.6 15,031 5.0 Asia Pacific 21,511 9.2 84,867 9.2 20,195 8.5 20,619 8.4 79,565 8.5 (892) (4.1) (5,302) (6.2) ----------- ----- ----------- ------ ----------- ------ ----------- ------ ----------- ------ ---------- -------- --------- ------- Total net revenue by region $ 233,782 100.0 $ 919,331 100.0 $ 236,790 100.0 $ 244,936 100.0 $ 932,499 100.0 $ 11,154 4.8 $ 13,168 1.4 =========== ===== =========== ====== =========== ====== =========== ====== =========== ====== ========== ======== ========= ======= Reclassifications were made to the prior period amounts in order to conform to the current period's presentation.
Page 12 of 13 Novell, Inc. Unaudited Trended Segment Revenue by Software Licenses and Maintenance and Services (In thousands) Fiscal Year Fiscal Year Change from Q4 2006 % 2006 % Q3 2007 % Q4 2007 % 2007 % Q4 2007 to Q4 2006 FY07 to FY06 ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ ------------------------------------ Open platform solutions Linux platform products Software licenses $ - - $ - - $ - - $ - - $ - - $ - - $ - - Maintenance and subscriptions 13,017 5.6 45,296 4.9 20,565 8.7 22,000 9.0 76,620 8.2 8,983 69.0 31,324 69.2 ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- 13,017 5.6 45,296 4.9 20,565 8.7 22,000 9.0 76,620 8.2 8,983 69.0 31,324 69.2 ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- Other open platform products Software licenses 4 0.0 605 0.1 3 0.0 - - 197 0.0 (4) (100.0) (408) (67.4) Maintenance and subscriptions 889 0.4 7,541 0.8 1,502 0.6 1,153 0.5 6,834 0.7 264 29.7 (707) (9.4) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- 893 0.4 8,146 0.9 1,505 0.6 1,153 0.5 7,031 0.8 260 29.1 (1,115) (13.7) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- Identity and security management Identity and access management Software licenses 9,429 4.0 40,760 4.4 12,099 5.1 14,381 5.9 47,126 5.1 4,952 52.5 6,366 15.6 Maintenance and subscriptions 14,344 6.1 56,961 6.2 14,591 6.2 15,726 6.4 57,006 6.1 1,382 9.6 45 0.1 ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- 23,773 10.2 97,721 10.6 26,690 11.3 30,107 12.3 104,132 11.2 6,334 26.6 6,411 6.6 ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- Other identity and security management Software licenses 1,521 0.7 5,430 0.6 868 0.4 536 0.2 3,293 0.4 (985) (64.8) (2,137) (39.4) Maintenance and subscriptions 2,985 1.3 12,545 1.4 2,241 0.9 1,984 0.8 9,127 1.0 (1,001) (33.5) (3,418) (27.2) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- 4,506 1.9 17,975 2.0 3,109 1.3 2,520 1.0 12,420 1.3 (1,986) (44.1) (5,555) (30.9) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- Systems and resource management Software licenses 8,602 3.7 30,839 3.4 9,686 4.1 10,395 4.2 35,196 3.8 1,793 20.8 4,357 14.1 Maintenance and subscriptions 25,420 10.9 103,740 11.3 25,164 10.6 25,403 10.4 100,034 10.7 (17) (0.1) (3,706) (3.6) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- 34,022 14.6 134,579 14.6 34,850 14.7 35,798 14.6 135,230 14.5 1,776 5.2 651 0.5 ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- Workgroup Open Enterprise Server Software licenses 10,990 4.7 39,269 4.3 9,877 4.2 10,565 4.3 37,781 4.1 (425) (3.9) (1,488) (3.8) Maintenance and subscriptions 36,670 15.7 142,426 15.5 34,727 14.7 34,359 14.0 138,134 14.8 (2,311) (6.3) (4,292) (3.0) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- 47,660 20.4 181,695 19.8 44,604 18.8 44,924 18.3 175,915 18.9 (2,736) (5.7) (5,780) (3.2) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- NetWare and other NetWare-related Software licenses 5,509 2.4 24,108 2.6 4,414 1.9 4,588 1.9 18,977 2.0 (921) (16.7) (5,131) (21.3) Maintenance and subscriptions 2,856 1.2 23,671 2.6 1,416 0.6 1,370 0.6 6,098 0.7 (1,486) (52.0) (17,573) (74.2) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- 8,365 3.6 47,779 5.2 5,830 2.5 5,958 2.4 25,075 2.7 (2,407) (28.8) (22,704) (47.5) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- Collaboration Software licenses 6,581 2.8 23,585 2.6 7,299 3.1 7,986 3.3 26,916 2.9 1,405 21.3 3,331 14.1 Maintenance and subscriptions 17,813 7.6 72,591 7.9 17,390 7.3 17,730 7.2 69,258 7.4 (83) (0.5) (3,333) (4.6) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- 24,394 10.4 96,176 10.5 24,689 10.4 25,716 10.5 96,174 10.3 1,322 5.4 (2) (0.0) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- Other workgroup Software licenses 3,442 1.5 9,082 1.0 502 0.2 2,604 1.1 6,391 0.7 (838) (24.3) (2,691) (29.6) Maintenance and subscriptions 3,390 1.5 14,512 1.6 7,236 3.1 8,547 3.5 31,564 3.4 5,157 152.1 17,052 117.5 ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- 6,832 2.9 23,594 2.6 7,738 3.3 11,151 4.6 37,955 4.1 4,319 63.2 14,361 60.9 ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- Total software licenses, maintenance and subscriptions Software licenses 46,078 19.7 173,678 18.9 44,748 18.9 51,055 20.8 175,877 18.9 4,977 10.8 2,199 1.3 Maintenance and subscriptions 117,384 50.2 479,283 52.1 124,832 52.7 128,272 52.4 494,675 53.0 10,888 9.3 15,392 3.2 ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- 163,462 69.9 652,961 71.0 169,580 71.6 179,327 73.2 670,552 71.9 15,865 9.7 17,591 2.7 ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- Services 70,320 30.1 266,370 29.0 67,210 28.4 65,609 26.8 261,947 28.1 (4,711) (6.7) (4,423) (1.7) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- Total net revenue Software licenses 46,078 19.7 173,678 18.9 44,748 18.9 51,055 20.8 175,877 18.9 4,977 10.8 2,199 1.3 Maintenance and subscriptions 117,384 50.2 479,283 52.1 124,832 52.7 128,272 52.4 494,675 53.0 10,888 9.3 15,392 3.2 Services 70,320 30.1 266,370 29.0 67,210 28.4 65,609 26.8 261,947 28.1 (4,711) (6.7) (4,423) (1.7) ---------- ------ ----------- ------ ---------- ----- ----------- ------ ---------- ------ --------- ------- --------- ------- Total net revenue $ 233,782 100.0 $ 919,331 100.0 $ 236,790 100.0 $ 244,936 100.0 $ 932,499 100.0 $ 11,154 4.8 $ 13,168 1.4 ========== ====== =========== ====== ========== ===== =========== ====== ========== ====== ========= ======= ========= ======= Reclassifications were made to the prior period amounts in order to conform to the current period's presentation.
Page 13 of 13 Novell, Inc. Major IT Software and Solutions Included Within Reported Line Items Open Platform Solutions Linux Platform Products > SUSE LINUX Enterprise Server > SUSE LINUX Enterprise Desktop Other Open Platform Products > openSUSE > SUSE Engineering Identity and Security Management Identity and Access Management > Identity Manager > SecureLogin > Access Manager > Sentinel Other Identity and Security Management > Web Services > eDirectory Systems and Resource Management > ZENworks Suite > ZENworks Patch Management > ZENworks Asset Management > ZENworks Linux Management Workgroup Open Enterprise Server > Open Enterprise Server NetWare and Other NetWare-Related > NetWare > Cluster Services Collaboration > GroupWise Other Workgroup > BorderManager Services > IT Consulting Services > Technical Support Services > Training Services