Language Selection

English French German Italian Portuguese Spanish

Red Hat Tops Its Records

Filed under
Linux

Red Hat on Thursday announced record revenue and profits for its fourth quarter and its 2005 fiscal year, which ended Feb. 28.

The Raleigh, N.C., company's total revenue for fiscal year 2005 jumped to $196.5 million, an increase of 58 percent from 2004. For the fourth quarter of 2005, the revenue was $57.5 million. This was a year-over-year increase of 56 percent and a third to fourth quarter leap of 13 percent.

The bulk of Red Hat Inc.'s increase came from continued growth in its enterprise subscription revenue. This rose to $45.4 million in the fourth quarter of fiscal year 2005, an increase of 92 percent on a year-over-year basis and an increase of 19 percent on a sequential basis. For the full fiscal year 2005, enterprise subscription revenue was $147.4 million, or a 120 percent year-over-year increase.

"It appears that Red Hat's business strategy of focusing on the higher-margin, higher-revenue portion of the Linux market is getting some traction. Their revenues appear strong because of this focus," said Dan Kusnetzky, vice president of system software at IDC.

It's not just Red Hat, though. IBM's and HP's support of Linux, George Weiss, a Gartner Group vice president said, also have had a significant part to play in Red Hat's gains and Sun's losses. "Linux is becoming seen as a long-term, enterprise Unix strategy, and Red Hat is benefiting."

"We are very pleased with the strong momentum of the Linux marketplace, and our business in particular," Charlie Peters, Red Hat's chief financial officer, said in a statement.

Full Story.

More in Tux Machines

Ubuntu Touch to Get Improved Desktop Mode with Next Update

Canonical is preparing a major new update for Ubuntu Touch, but it will take a while until it's going to be ready. From the looks of it, the devs are preparing some interesting improvements and updates. Read more

Parsix GNU/Linux 7.0 Will Reach End of Life on June 14 to Make Room for Parsix 8.0

The Parsix Project has recently announced that their Parsix GNU/Linux 7.0 (Nestor) distribution will reach the end of its life support in the coming weeks, urging users to upgrade to Parsix GNU/Linux 7.5 (Rinaldo) as soon as possible. Read more

Leftovers: Software

  • 3 Open Source Python Shells
    Python is a high-level, general-purpose, structured, powerful, open source programming language that is used for a wide variety of programming tasks. It features a fully dynamic type system and automatic memory management, similar to that of Scheme, Ruby, Perl, and Tcl, avoiding many of the complexities and overheads of compiled languages. The language was created by Guido van Rossum in 1991, and continues to grow in popularity.
  • Google Chrome 44 (Dev) Brings Interesting New Features
  • CodeWeavers CrossOver 14.1.3 has been released
    I am delighted to announce that CodeWeavers has just released CrossOver 14.1.3 for both Mac OS X and Linux. CrossOver 14.1.3 has important bug fixes for both Mac and Linux users.

today's leftovers

  • Consumers Continue to Buy Chromebooks as Secondary PCs, Enterprise Still Uninterested
  • Video: LXD containers vs. KVM
    Since I'm such a big container fan (been using them on Linux since 2005) and I recently blogged about Docker, LXC, and OpenVZ... how could I pass up posting this? Some Canonical guys gave a presentation at the recent OpenStack Summit on "LXD vs. KVM". What is LXD? It is basically a management service for LXC that supposedly adds a lot of the features LXC was missing... and is much easier to use. For a couple of years now Canonical has shown an interest in LXC and has supposedly be doing a lot of development work around them. I wonder what specifically? They almost seem like the only company who is interested in LXC.. or at least they are putting forth a publicly noticeable effort around them.
  • Ubuntu's LXD vs. KVM For The Linux Cloud
    LXD is usable with Ubuntu 15.04 albeit not many have yet fully experimented with this new technology from Canonical given its early state. The LXD Linux container hypervisor allows for rapid provisioning, very fast performance, a REST API, and other functionality. If you're wishing to learn more about LXD, this week at the OpenStack Summit in Vancouver was a talk about LXD vs. KVM for Linux hypervisors.
  • Cloud Driving HP's Server Business Forward
    HP announced is second quarter fiscal 2015 earnings on May 21, with company executives enthusiastic about the company's upcoming split, and continued prospects in the cloud.
  • The Latest Linux Kernel Git Code Fixes The EXT4 RAID0 Corruption Problem
    An EXT4 file-system corruption problem was uncovered with Linux 4.0 that turned out to be an MD RAID0 issue with the Linux kernel in the latest stable series. This RAID corruption issue has now been fixed in the latest kernel Git code.
  • Interview with Mary Winkler
    LOVE the blending tools. I’m used to those of Paint Tool SAI, and finding a program whose brushes are far more customizable and can do more is digital art heaven. Especially an open source one!
  • Reminder: Evolving KDE survey milestone on May 31st
    Evolution is a powerful concept and tool. When harnessed properly, humans have been able to tailor and adapt crops and domesticate animals. We’ve been able to grow the Dutch unnecessarily tall and create beautiful and consequence-free theme parks as shown in the Jurassic Park documentary series on the BBC. However, when not monitored closely or left to nature’s own devices, the result is the terrifying land based sharks that have caused such recent devastation across most of Australia.
  • GNOME Shell It is!!
    It’s been a while since my last post, I was busy with my university exams and didn’t get much time to work on my GSoC project. But during whatever time I got I tried to get myself familiar with GNOME Shell coding style and get a hang of the way it works, since GNOME Shell is the main module I will be working with in this project. But things weren’t as simple as I initially thought them to be. It has been a struggle trying to find out some structured documentation for GNOME Shell code-base mainly the JavaScript part.
  • Attention Fedora 22 prerelease users
  • Fedora 21 chrooted on an aarch64 Nexus 9
    A while back I bought a Nexus 9, mainly because it has a weird processor that emulates a 64 bit ARM (aarch64). Google seem to have abandoned this platform entirely, just 6 months after I got it, so fuck you too Google. Anyway …
  • Meet SparkyLinux, a Debian-based Linux distribution
    SparkyLinux features customized lightweight desktops (like E19, LXDE and Openbox), multimedia plugins, selected sets of apps and own custom tools to ease different tasks.
  • Is Canonical going to have an IPO?
  • Mozilla shifts gears: $25 phones out, Android apps in
  • Linksys NSLU2 adventures into the NetBSD land passed through JTAG highlands - part 1
  • GCC 6 Gets Support For The IBM z13 Mainframe Server
    The latest GNU Compiler Collection code now has proper optimization targeting/tuning support for the IBM z13.
  • News for open source virtual reality, popular Linux game distros, and more