PALO ALTO, Calif. (Reuters) - Software company Novell Inc. (Nasdaq:NOVL - news) said on Thursday its quarterly net loss narrowed sharply compared with a year earlier despite continued weakness in the information technology market.
For the fiscal second quarter ended April 30, Provo, Utah-based Novell reported a net loss of $28.6 million, or 8 cents per share. In the year-earlier quarter, the company posted a net loss of $173.45 million, or 48 cents per share.
Revenues rose to $276 million from $273.9 million a year ago.