Linked by Thom Holwerda on Thu 27th Sep 2007 07:50 UTC, submitted by stonyandcher
Global expansion and strong Enterprise Linux subscriptions have lifted Red Hat to double-digit growth as the CEO confirms Red Hat's solution and services provider transformation. Red Hat reported profit of USD 18.2 million, or USD 0.09 per diluted share, an increase of 64 per cent year on year for the second quarter of the company's fiscal year, which ended August 31.
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Member since:
2006-10-05
First time I've modded someone up I think.
People that hope RedHat give to the community are the same ones using a different distro and talking about how RPM's suck all day.
When linux was a sandbox toy RedHat was hiring all the best guys and giving them jobs. They've always done things the right way from day one and played by the rules.
A few years ago when I looked up the numbers 1/3rd (ballpark #'s) of Redhats budget went to R&D. that means 1/3 of the profits we see are used on OSS software since 100% of the software redhat writes is free. Dont ask what they're going to "donate" again please. Alot of those other "profits" come from things like buying out companies then OSSing the code like netscape dir.
I've been behind this company for aslong as I've been learning linux cause its the perfect system. its capitolist but ethical with its profits. I reward them by buying subscriptions as a thank you. Or doing what I can on the mailing lists.
Im not normally one of the OSS nuts, i dont hate MSFT or anything its just when I see a company that actually is ethical its stands out so much you gotta appreciate it. Redhat certainly pulls their weight.