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Novell reported a profit of $57.1 million for fiscal 2004 compared to a $161.9 million loss in the previous fiscal year.

"We are pleased that our revenue and net income remain strong during our ongoing transition to a growth company against the backdrop of a challenging IT market," Jack Messman, chairman and CEO of Novell, stated. "Our key growth initiatives of Linux and identity management continued their strong performance."

"...Fiscal year 2005 will be another rebuilding year for Novell as we make significant investments in our solutions, systems and people to try to grow our newer businesses in order to counterbalance the continued decline in our NetWare business," he said.

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