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Red Hat soars with fat profits, design wins

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http://linuxo.com – LinuxDevices: "Enterprise Linux vendor Red Hat announced fourth-quarter financial results showing a 15 percent increase in revenues year-over-year." (General)

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Submitted by qq124 on 03/29/2010

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Tech Source: "Enterprise Linux vendor Red Hat announced fourth-quarter financial results showing a 15 percent increase in revenues year-over-year."

Enterprise Linux vendor Red Hat announced fourth-quarter financial results showing a 15 percent increase in revenues year-over-year. In other Red Hat news, the company announced new JBOSS and SOA tools, tipped a collaboration with IBM on cloud technology, and revealed customer wins with the Symbian Foundation and the Tokyo Stock Exchange....

LinuxDevices: "Investors might be jittery about the economy, but Intel doesn't appear to be, reporting glowing results for the second quarter of its 2010 financial year."

Red Hat, the enterprise open-source software vendor, announced financial results for its fiscal year 2010 third quarter on Tuesday, noting an 18 percent jump from the same quarter one year ago.

Serverwatch: "Linux servers now represent 18.4 percent of all server revenue, up 4.3 points over the same quarter last year. Unix server revenue declined 29 percent from a year earlier."

Enterprise Mobile Today: "The Linux-based Android version 2.2, dubbed Froyo (frozen yogurt), isn't even officially out yet and the blogosphere is abuzz with reports that the follow-up, Gingerbread, is due in the fourth quarter of this year."

Linux.com: The Linux Foundation, the nonprofit organization dedicated to accelerating the growth of Linux, today announced the winning design in its Linux.com Store T-shirt Design Contest, "The People's Product." The design won by a large margin with 57 percent (4,501) of all votes cast, with the other five finalists sharing 43 percent of the vote among them.

Red Hat has by all measures hit the big time, providing validation of the open source business model that even the harshest critics will have a hard time brushing aside. In its fourth quarter, Red Hat's revenue reached $245 million, up 25 percent from last year. The Linux distribution vendor's fourth quarter subscription revenue was $209 million, up 24 percent from the previous year.