Language Selection

English French German Italian Portuguese Spanish

Red Hat: Nearing $1 billion in revenue; Not bad for free software

Filed under
Linux

Red Hat delivered a strong fourth quarter and is on track to be the first pure play open source company to hit $1 billion in annual revenue.

The open source software provider reported fourth quarter net income of $33.5 million, or 17 cents a share. Non-GAAP earnings were 26 cents a share for the fourth quarter was $244.8 million, up 25 percent from a year ago. Red Hat’s earnings were boosted by 2 cents a share due to a research and development tax credit. Wall Street was expecting earnings of 22 cents a share on sales of $236 million.

For the year ended Feb. 28, 2011, Red Hat reported net income of $107.3 million, or 55 cents a share, on revenue of $909.3 million, up 22 percent from a year ago.

rest here

Red Hat shares red-hot in late trading




More in Tux Machines

SteamOS A Linux Distribution For Gaming


Picture

SteamOS is a Debian Linux kernel-based operating system in development by Valve Corporation designed to be the primary operating system for the Steam Machine game consoles. It was initially released on December 13, 2013, alongside the start of end-user beta testing of Steam Machines.
 

Read At LinuxAndUbuntu

KDE Applications 14.12.3 Officially Released

KDE Applications 14.12 has been released by its makers, and it’s a regular maintenance update. It comes with a ton of bug fixes and will be soon available in various repositories. Read more

Understanding The Linux Kernel's BPF In-Kernel Virtual Machine

BPF continues marching forward as a universal, in-kernel virtual machine for the Linux kernel. The Berkeley Packet Filter was originally designed for network packet filtering but has since been extended as eBPF to support other non-network subsystems via the bpf syscall. Here's some more details on this in-kernel virtual machine. Alexei Starovoitov presented at last month's Linux Foundation Collaboration Summit in Santa Rosa about BPF as an in-kernel virtual machine. The slides have been published for those wishing to learn more about its state and capabilities. Read more

Calligra 2.9.0 is Out

Packages for the release of KDE's document suite Calligra 2.9 are available for Kubuntu 14.10. You can get it from the Kubuntu Backports PPA. They are also in our development version Vivid. Read more