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Orem, UT -- December 13, 1995 -- Novell, Inc.
(NASDAQ:NOVL) today reported revenue of $2.041 billion for its fiscal year ended October 28, 1995, up from $1.998 billion in fiscal 1994. Net income was $338 million or 17 percent of revenue, compared with $207 million or 10 percent of revenue in 1994. On a per share basis, net income was $0.90 in 1995, up from $0.56 in 1994. On a pro forma basis that excludes a nonrecurring Unix license buyout and acquisition related expenses, 1994 revenue was $1.918 billion and earnings were $298 million or $0.81 per share.
Revenue from NetWare network operating system software reached its highest level ever, increasing 19 percent over last year to
$1.034 billion in 1995. Novell's other network and systems software revenue grew to over $600 million. These gains were offset by a $122 million decline in personal productivity applications revenue, which ended the year at $407 million.
In the fourth quarter of fiscal 1995, revenue was $481 million compared to $486 million in the same period of 1994. Net income was
$59 million or $0.16 per share, up from $20 million or $0.06 per share the year before. On a pro forma basis that excludes nonrecurring acquisition related expenses, 1994 fourth quarter earnings were $61 million or $0.17 per share. Novell's 1995 revenue from the United States was $1.082 billion or 53 percent of total revenue. International revenue included $568 million or 28 percent from Europe, the Middle East, and
Africa; $292 million or 14 percent from Asia Pacific; and $99 million or 5 percent from Canada and the Americas.
On October 30, Novell announced its intention to exit the personal productivity applications business. The company is actively negotiating with several parties regarding the sale of this business and anticipates that it will announce a sale before the end of January 1996.
Company Contact:
Peter Troop
408-577-8975
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