Novell (NOVL) Posts $19.9 Million 2nd Quarter Income

Software producer Novell Inc NOVL on Thursday after the market closed released financial results that were in line with Wall Street earnings expectations. Novell Inc reported that its fiscal 2nd quarter net income rose to $19.9 million, or 6 cents per share, up from $15.6 million, or 5 cents per share, a year earlier. The company reported that its revenue fell to $204 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 7 cents per share, on revenue of of $204.9 million. Novell Inc forecast 3rd quarter revenue in the range of $205 million to $210 million.