Published at LXer:

Novell officials cited declining fortunes across its business yesterday "due to the slowing economy" as it summarized its first-quarter results of 2009. CFO Dana Russell said net revenue for the quarter was $215 million, compared with net revenue of $231 million for the first quarter of 2008. Net income was $11 million, or 3 cents per share, compared with net income of $17 million, or 5 cents per share, for the same period the year before, Russell said in Novell's quarterly earnings report teleconference.

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