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Microsoft Paid Novell $356 Million in '07
Anonymous writes "At the end of this piece at Channelweb.com, it's reported that Microsoft paid Novell $355.6 million last year as part of their 'interoperability' deal. It's no small wonder, then, that Novell executives are saying the deal has been a huge success so far."
No single customer accounted for more than 10% of our revenue in fiscal 2007, 2006, or 2005. During fiscal 2007, we received $355.6 million from Microsoft related to the Microsoft agreements discussed above, which is being recognized over future periods. They received it but aren't recognizing it until later?! What does that mean exactly? Will it be passed on as bonuses to top execs and board members? It sounds like some sort of trick in reporting requirements. "We received a bunch of money, but we don't want to show that we're giving it to the people who made the deal... until later when no one is looking."
That $932M is revenue (gross receipts). Their gross profit was $672M, and overall they reported a LOSS of $44M for the year.