Red Hat continues to make big bucks (Linux-Watch)

[Posted June 29, 2006 by cook]

Linux-Watch reports on the latest financial news from Red Hat, Inc. "The first quarter of Red Hat Inc.'s 2007 fiscal year was a great one. But, because it fell short of analysts' expectations, the company's stock fell in after-hours trading. The total revenue for the quarter, which was reported on June 28, was $84.0 million, an increase of 38 percent from the year ago quarter and 7 percent from the prior quarter. Subscription revenue from RHEL (Red Hat Enterprise Linux) was $71.5 million, up 45 percent year-over-year and 7 percent sequentially."

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Posted Jun 29, 2006 17:16 UTC (Thu) by jwb (guest, #15467) [Link]

The stock is down, perhaps, because the JBoss acquisition is going to cost four times as much as previously stated. JBoss was expected to be profitable soon, but it now looks to be a long way off.