Novell, Inc. revised guidance for the third quarter of fiscal 2010 ended July 31, 2010. Novell currently expects to report net revenue for the third quarter of fiscal 2010 in the range of $197 to $199 million, compared to previous guidance of $205 to $210 million.
Non-GAAP operating margin for the third quarter of fiscal 2010 currently is expected by Novell to be between 13 and 15 percent, compared to previous guidance of approximately 15 percent. An explanation of non-GAAP measures is included below under the heading "Non-GAAP Financial Measures."
Novell's revised guidance reflects what the company believes is customer uncertainty associated with the Novell Board of Directors' ongoing review of various alternatives to enhance stockholder value as described in Novell's March 20, 2010 press release.
Novell noted that it remains focused on growing the business and on its strategy to lead in the rapidly growing intelligent workload management market.
