Red Hat reports another good quarter

[Posted March 24, 2004 by corbet]

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.

Red Hat reports another good quarter

Posted Mar 24, 2004 14:36 UTC (Wed) by heunique (guest, #728) [Link] (2 responses)

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 17:40 UTC (Wed) by genius (guest, #19981) [Link] (1 responses)

Over my dead body!

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 Hat
was 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
and finally came around !!!