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.
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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