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Red Hat Rises After New Linux Products Fuel Sales (Bloomberg)

[Posted September 27, 2007 by cook]

Bloomberg covers the latest financial results from Red Hat, Inc. "Red Hat's Enterprise Linux 5 software, released in March, sold faster than expected last quarter, increasing cash flow. The Raleigh, North Carolina-based company also persuaded existing customers to use Red Hat software on more of their computers. ``Cash flow from operations was very solid compared to last quarter, and the revenue beat expectations,'' said Denny Fish, an analyst at JMP Securities in San Francisco. He has a ``market perform'' rating on the stock. Cash flow from operations rose 43 percent to $63.7 million last quarter from a year earlier. In the previous quarter, it declined 4 percent."

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Posted Sep 27, 2007 22:41 UTC (Thu) by atai (subscriber, #10977) [Link]

Funny, after Oracle "clones" Red Hat, Red Hat actually gets more business.

Red Hat Rises After New Linux Products Fuel Sales (Bloomberg)

Posted Sep 28, 2007 13:57 UTC (Fri) by branden (subscriber, #7029) [Link]

I don't think it's necessarily the case that either Oracle is really parasitizing Red Hat's business, or that we're seeing an anti-Oracle, pro-RHEL backlash.

It could be that the GNU/Linux market is growing generally, particuarly as Vista buyer's remorse sets in.

Red Hat Rises After New Linux Products Fuel Sales (Bloomberg)

Posted Sep 29, 2007 10:39 UTC (Sat) by man_ls (subscriber, #15091) [Link]

Do you think these two markets, Vista and Red Hat, really overlap that much? I would have thought that it was much more servers than desktops, but if desktops are growing too it is very good news.