Weekly Edition
Return to the Announcements page
| |||||||||||||
|
| |||||||||||||
Red Hat reports another good quarter
Red Hat has announced
its fourth quarter/year end results. Revenue was $37 million in the
quarter, resulting in net income of $5 million. Over the last year,
the company's bank balance has gone from $292 million to
$941 million; $500 million of that will be from bond sales
(though the PR does not mention that); the rest is from cash flow.
(Log in to post comments)
Red Hat reports another good quarter Posted Mar 24, 2004 14:36 UTC (Wed) by heunique (guest, #728) [Link] Not bad for a company who didn't know how to make a profit (and frankly, no one else knew how to make money [profit] from Open Source).Soon, Red Hat will have $1 billion in the bank.. ;)
Yeah right! Posted Mar 24, 2004 19:32 UTC (Wed) by tjc (guest, #137) [Link] Why, do you work for SCO or something?
Red Hat reports another good quarter Posted Mar 28, 2004 23:58 UTC (Sun) by linux_drvr_man (guest, #20511) [Link] Say what you like, but you have to recognize that Red Hatwas one of the first to make a $Buck off of free software. Jim Ready of MVista saw that idea through, as well... Even a company like Wind River had to recognize that
|
|
||||||||||||