Linked by David Adams on Fri 27th Jun 2008 05:11 UTC, submitted by Rahul
Red Hat 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.
Order by: Score:
Great to see!
by obsidian on Fri 27th Jun 2008 08:03 UTC
obsidian
Member since:
2007-05-12

Really good to see Red Hat doing so well!

Reply Score: 8

RE: Great to see!
by danieldk on Fri 27th Jun 2008 08:37 UTC in reply to "Great to see! "
danieldk 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.

Reply Score: 12

Of course
by agrouf on Fri 27th Jun 2008 12:10 UTC
agrouf
Member since:
2006-11-17

Of course, Red Hat is making contracts! It has the best model, the best support and the best product. Why would any business switch from Red Hat? To what? If anything, they would switch what is not Read Hat to Red Hat. This is just plain logic.

Reply Score: 6

RE: Of course
by shotsman on Fri 27th Jun 2008 14:28 UTC in reply to "Of course"
shotsman 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.

Reply Score: 5

RE[2]: Of course
by gilboa on Fri 27th Jun 2008 18:56 UTC in reply to "RE: Of course"
gilboa 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

Reply Score: 5

RE[3]: Of course
by sc3252 on Sat 28th Jun 2008 21:39 UTC in reply to "RE[2]: Of course"
sc3252 Member since:
2005-09-06

Wow, I always read about people complaining about red hat support. So it isn't bad then?

Reply Score: 1

RE[4]: Of course
by gilboa on Sat 28th Jun 2008 22:06 UTC in reply to "RE[3]: Of course"
gilboa Member since:
2005-07-06

Wow, I always read about people complaining about red hat support. So it isn't bad then?


Like everything else in life YMMV.
At least in my own experience, RedHat support is top notch.

- Gilboa

Reply Score: 2

2009?
by bullethead on Sat 28th Jun 2008 22:58 UTC
bullethead
Member since:
2005-07-10

"In its first quarter of fiscal 2009", I thought it was still 2008!

Reply Score: 1

RE: 2009?
by Rahul on Mon 30th Jun 2008 07:05 UTC in reply to "2009?"
Rahul Member since:
2005-07-06

Fiscal year is a different measurement.

http://en.wikipedia.org/wiki/Fiscal_year

Reply Score: 2