Linux Turns Profitable For Red Hat



Linux provider Red Hat Inc. showed a profit for the first time in its eight-year history as the company last week reported a profit of $305,000 on revenue of $24.3 million for its third fiscal quarter, ended Nov. 30. Revenue increased in both software subscriptions ($13.2 million) and services ($11.1 million). Red Hat sold more than 12,000 subscriptions of Advanced Server during the quarter, a 50% increase compared with the previous quarter.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Email This  | 
Print  | 
RSS
More Insights
Copyright © 2020 UBM Electronics, A UBM company, All rights reserved. Privacy Policy | Terms of Service