November 26, 1996 5:45 PM ET
Novell reports income of $59M in its Q4
By Margaret Kane

  Novell Inc. today posted a slight gain in net income for its fiscal fourth quarter, despite a 20 percent drop in sales compared with a year ago.

Novell, based in Orem, Utah, earned $59 million, or 17 cents per share, for the quarter ended Oct. 26. Sales for the quarter were $383 million.

In last year's fourth quarter, Novell earned $58.9 million, or 16 cents per share, on sales of $480 million. Those figures included revenue from the WordPerfect suite, which the company subsequently sold to Corel Corp.

Revenue did increase from the third quarter, according to President Joe Marengi, who said in a release that the company saw significant gain in server software revenues.

Separately, Novell recently amended its "poison-pill" takeover defense in a filing with the Securities and Exchange Commission. The company said it is not aware of any effort to take it over.

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