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| Red Hat fourth-qtr revenue rises |
| March 25, 2004 Red Hat has registered income growth of 11 percent in the fourth quarter compared to the previous three-month period, figures released by the company show. | |
Revenue for the quarter was $US37 million, compared to $US33.1 million in the third quarter. It was also a 43 percent increase over the fourth quarter of the previous fiscal year. The company made an operating profit of $US4.6 million before stock-based compensation. In the Asia-Pacific region, the company said its staff numbers had nearly doubled and there were now nearly 300 Red Hat certified engineers in Australia. The RHCE is a certification which Red Hat, the best-known and most widely used commercial Linux distribution, offers from its offices nationwide. | |
Globally, Red Hat said it had sold 87,000 new subscriptions of which 61,000 went to "the enterprise IT market". Existing subscriptions saw a 90 per cent renewal. | |
Source: The Age | |
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