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

Meizu Pro 5 Ubuntu Edition review

The Meizu Pro 5 is the latest flagship smartphone to run on Canonical’s Ubuntu operating system. Ubuntu is designed to work across all device types – including mobile, tablets, convertibles and desktops – using a common core code. This is similar to Microsoft Windows 10 Mobile. However, unlike Microsoft’s code, Ubuntu is totally open source and has largely been developed and improved by the desktop OS’s millions-strong user base. This means the OS is capable of evolving and changing at a great pace and has update cycles that would make most sysadmins weep. Read more

Whatever Happened To Ubuntu Light?

Amidst the onslaught of Intel-based netbooks in the late 2000s was a custom instant-on OS from Canonical. Ubuntu Light was to be a proverbial glint of free software at the end of a tunnel crowded by clones. It was a way for OEMs to add extra value to their Windows devices and differentiate themselves from competitors. It was a way for users to dip their toes into Ubuntu rather than drown at the deep end. And yet…you are probably having a hard time recalling it. Read more

7 Essential Skill-Building Courses for the Open Source Jobs Market

Dice and The Linux Foundation recently released an updated Open Source Jobs Report that examines trends in open source recruiting and job seeking. The report clearly shows that open source professionals are in demand and that those with open source experience have a strong advantage when seeking jobs in the tech industry. Additionally, 87 percent of hiring managers say it’s hard to find open source talent. Read more

Everything you need to know about Linux Commands

It won't be long after starting to use Linux that you ask a question and the answer begins with, "Open a terminal and..." At this point, you may be thrown into an alien environment with typed Linux commands instead of cheery-looking icons. But the terminal is not alien, it's just different. You are used to a GUI now, but you had to learn that, and the same applies to the command line. This raises an obvious question: "I already know how to use a windowed desktop, why must I learn something different?" Read more