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Novell tops estimates in second quarter

ZDNN, US ZDNet US

Published: 26 May 1999 09:50 BST

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First Call consensus expected the network software developer to earn 10 cents a share in the quarter.

The $315.6m in sales represents a 20 percent improvement versus the year-ago quarter when it earned $19.3m, or 5 cents a share, on sales of $262.2m.

"Novell is on its way to becoming a growth company again," said CEO Eric Schmidt in a prepared release. "We had planned for growth, but the market's response to NetWare 5 has exceeded our plans."

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