An article at The Motley Fool lays out good financial news from Red Hat: "In its first quarter of fiscal 2009, Red Hat produced $0.08 of GAAP earnings per share on revenue of $156.6 million. That's a 32% sales increase over last year, while profits held steady. But the numbers don't tell the whole story here.
The open-source software veteran released major updates to four of its key products and re-signed every expired contract with its 25 largest subscribers -- for 50% more than the worth of the old deals. It's always cool to see the big boys upgrading their pacts, don't you think? Red Hat continues to invest in its global sales and support infrastructure, funding the growth from organic cash flows.
Post a Comment
Member since:
2007-05-12
Member since:2005-11-18
Indeed, I can only say that it is well deserved. Red Hat has proven that it is a true open source company, and has invested a lot in nearly every facet of GNU/Linux. Recently, they have done a terrific job with IcedTea, virtual machine support, and infrastructure for rapid deployment and management.
Member since:
2006-11-17
Member since:2005-07-22
I expect there would be more than a few people inside Oracle who would disagree with you and be a little annoyed that RH had renewed their contracts with all their largest customers. I would guess that many of these are also running Oracle on the RHEL servers thus being a prime target for their Linux Distro.
Member since:2005-07-06
We're both an Oracle (DB) and RedHat (OS) client and there's no comparison.
Yes, Oracle has improved and Unbreakable Linux is improving - but nothing beats reporting a bug on Sunday and getting it fixed on Monday...
Beyond having (IMHO) a bullet proof OS (Kudos to CentOS as well), RedHat has a very solid support model that simply works (tm).
- Gilboa
Member since:2005-09-06
Member since:2005-07-06
Member since:
2005-07-10
