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May 31, 2006 3:46 AM PDT

Novell earnings back in black

Software company Novell on Wednesday posted a quarterly profit after a year-ago loss, helped by initiatives to cut costs. Second-quarter net income was $3 million, or 1 cent per share, compared with a net loss of $16 million, or 4 cents per share, a year ago. Revenue fell to $278 million from $297 million.

Story Copyright  © 2005 Reuters Limited.  All rights reserved.

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