Software solutions provider Novell Inc. (NOVL), which has been recently on news for putting itself for sale, is expected to post second-quarter earnings of $0.07 per share and revenue of $204.85 million, according to Street analysts. The company is scheduled to report its results after the market close Thursday.
The company expects second-quarter net revenue to be similar to first fiscal quarter of 2010 levels. Non-GAAP operating margin is projected to be between 12% and 15% for the second quarter.
During the quarter, Elliott Associates, L.P., a fund managed by Elliott Management Corp., proposed to acquire Novell for a cash consideration of $5.75 per share, which represents a premium of 115% over the company's enterprise value on January 4, 2010, and represents a 37% premium to Novell's closing stock price on January 4, 2010 and a 20% premium to Novell's closing stock price on February 1, 2010.
For the preceding first quarter, the Waltham, Massachusetts-based company reported net income of $20 million or $0.06 per share, compared to $11.0 million or $0.03 per share in the year-ago quarter, helped by lower operating expenses, notwithstanding a decline in revenues. Quarterly revenues decreased to $202 million from $215 million in the previous year.
Among other companies in the Security Software & Services industry, McAfee Inc. (MFE) posted lower profit for the first quarter totaling $37.6 million or $0.23 per share, compared to $53.5 million or $0.34 per share last year, as bigger restructuring charges and higher provision for income tax more than offset a 12% increase in revenue that amounted to $502.75 million versus 447.71 million in the previous year..
McAfee forecasts second-quarter GAAP earnings in the range of $0.29 - $0.33 per share and non-GAAP earnings of $0.58 - $0.62 per share, with revenues ranging between $500 million and $520 million. Analysts are looking for earnings of $0.61 per share on revenues of $511.45 million for the second quarter.
Another industry peer, AsiaInfo Holdings Inc. (ASIA) posted first-quarter net income attributable to the company of $10.3 million or $0.21 per share, compared with $5.8 million or $0.13 per share in the previous year period. Total revenues for the quarter were US$63.46 million compared with US$50.97 million in the previous year.
Novell shares, which have been trading between $3.84 and $6.15 in the past 52 weeks period, closed Wednesday's trading session at $5.81, down 10 cents or 1.69%, on a volume of 4.34 million shares.
For comments and feedback contact: editorial@rttnews.com
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.