Novell fares well despite CHS hit

Novell's turnover in EMEA was hit by $3m (£1.9m) but expenses increased by $1m during its fourth quarter as a result of CHS's German and UK subsidiaries going into receivership.

Novell's turnover in EMEA was hit by $3m (£1.9m) but expenses increased by $1m during its fourth quarter as a result of CHS's German and UK subsidiaries going into receivership.

Despite this, strong European sales elsewhere helped the company end its financial year on a high note as it started the fiscal year 2000 with a heavy focus on pushing its directory products.

Turnover from Europe, the Middle East and Africa grew 29 per cent to $104m, led by Germany, the UK, Scandinavia, the Netherlands, France and Poland. US turnover grew by just seven per cent, however, to $191m.

Total turnover for the three months to 31 October increased 16 per cent to $345m, while net profit grew by 76 per cent to $74m.