Novell posts Q3 net profit of $23 m

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Novell's overall revenue rose from $283 million to $305 million.

SEATTLE: Novell Inc. posted a quarterly profit as revenue rose on better demand for software and services as well from currency gains.

Provo, Utah based Novell, a software developer that provides update services for Linux, reported a net profit of $23 million, or 6 cents per share, in the fiscal third quarter ended July, compared with a loss of $12 million, or 3 cents per share, a year earlier.

Overall revenue rose from $283 million to $305 million.