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

More of today's howtos

GNOME News: Black Lab Drops GNOME and Further GNOME Experiments in Meson

  • Ubuntu-Based Black Lab Enterprise Linux 11.0.1 Drops GNOME 3 for MATE Desktop
    Coming about two weeks after the release of Black Lab Enterprise Linux 11, which is based on the Ubuntu 16.04.2 LTS (Xenial Xerus) operating system using the HWE (hardware enablement) kernel from Ubuntu 16.10 (Yakkety Yak), Black Lab Enterprise Linux 11.0.1 appears to be an unexpected maintenance update addressing a few important issues reported by users lately.
  • 3.26 Developments
    My approach to development can often differ from my peers. I prefer to spend the early phase of a cycle doing lots of prototypes of various features we plan to implement. That allows me to have the confidence necessary to know early in the cycle what I can finish and where to ask for help.
  • Further experiments in Meson
    Meson is definitely getting more traction in GNOME (and other projects), with many components adding support for it in parallel to autotools, or outright switching to it. There are still bugs, here and there, and we definitely need to improve build environments — like Continuous — to support Meson out of the box, but all in all I’m really happy about not having to deal with autotools any more, as well as being able to build the G* stack much more quickly when doing continuous integration.

Fedora and Red Hat

Debian and Derivatives

  • Reproducible Builds: week 108 in Stretch cycle
  • Debuerreotype
    The project is named “Debuerreotype” as an homage to the photography roots of the word “snapshot” and the daguerreotype process which was an early method of taking photographs. The essential goal is to create “photographs” of a minimal Debian rootfs, so the name seemed appropriate (even if it’s a bit on the “mouthful” side).
  • The end of Parsix GNU/Linux
    The Debian-based Parsix distribution has announced that it will be shutting down six months after the Debian "Stretch" release.
  • Privacy-focused Debian 9 'Stretch' Linux-based operating system Tails 3.0 reaches RC status
    If you want to keep the government and other people out of your business when surfing the web, Tails is an excellent choice. The Linux-based operating system exists solely for privacy purposes. It is designed to run from read-only media such as a DVD, so that there are limited possibilities of leaving a trail. Of course, even though it isn't ideal, you can run it from a USB flash drive too, as optical drives have largely fallen out of favor with consumers. Today, Tails achieves an important milestone. Version 3.0 reaches RC status -- meaning the first release candidate (RC1). In other words, it may soon be ready for a stable release -- if testing confirms as much. If you want to test it and provide feedback, you can download the ISO now.