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NOVELL’S EARNINGS RISE 33%

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Computer software company Novell Inc. reported fiscal third-quarter earnings of $102 million, or 27 cents per share, up 33 percent increase over the same period last year.

Adjusted earnings for 1994's third quarter were $77 million, or 21 cents per share - although an $81 million charge related to the acquisition of WordPerfect Corp. resulted in an eventual loss of $4 million, or 1 cent per share.Revenues for the fiscal quarter ending July 29 reached $538 million, up 10 percent over the third quarter of 1994.

Much of the improvement came on the heels of growing sales of the company's NetWare software, a network operating system, said Robert J. Frankenberg, chairman and CEO.

"NetWare network operating system revenue increased to 54 percent of total company revenue, with NetWare 4 accounting for almost half that amount," he said.

For the first nine months of fiscal '95, earnings increased to $279 million, or 75 cents per share, compared to an adjusted 64 cents earned during the first three quarters of 1994.

Revenue for the first three quarters was $1.561 billion, up from $1.432 billion for the same period of 1994. Revenue and earnings for fiscal 1994 have been adjusted to exclude all non-recurring items.

Revenue gains also were reported for Novell's networking, information access and management product lines. Revenue more than doubled for the company's Group-Wise products and ManageWise, its network management software.

Novell officials are pre-releasing software to connect Windows 95 to NetWare.