Red Hat Reports Positive Third Quarter Earnings

Dec 22, 2010

Reporting $236 million in growth revenue and $198 million in subscription revenue Red Hat's third quarter earnings are up 21 percent over last year.

Red Hat's third quarter ended in November with sales rising over 20 percent compared to last quarter and profits up from 16 million in the third quarter 2010 to 26 million in 2011.

$200 million in subscriptions made up the majority of revenue reported with the rest coming from training and services. Red Hat's expenditure for third quarter included $85 million to the marketing and sales department and $43 million for research and development.

More information on Red Hat's third quarter earnings can be found in the press release and on the Red Hat's Investor site.

Related content

  • Novell Still Profits with Linux

    Tightening of the belt has seemingly paid off for Novell. The enterprise earned 38 million USD in the last quarter with Linux products.

  • Red Hat: Revenue Up, Net Income Down

    Linux enterprise Red Hat reports a revenue of $166 million in its fiscal year ending February 28, 2009. The fourth quarter revenue was $16 million.

  • Red Hat Fiscal Year End Revenues Reported Over 900 Million

    "With record bookings and billings in the fourth quarter, we are on a run rate to become the first pure-play open source company to achieve a billion dollars in revenues next fiscal year, a milestone achievement for Red Hat and the open source community," stated Jim Whitehurst, President and Chief Executive Officer of Red Hat.

  • Q4: Hewlett Packard’s Revenues and Turnover Grow

    HP today announced financial results for its fourth fiscal quarter ended October 31 2007, with net revenue of US$ 28.3 billion, up 15% from a year earlier and up 11% when adjusted for the effects of currency.

  • IBM with Growth in Third Quarter 2007

    IT giant IBM closed its third quarter 2007 September 30 with turnover up by seven percent compared to the same period last year. Income in the third quarter rose by six percent to around US$ 2.4 billion.

comments powered by Disqus

Issue 214/2018

Buy this issue as a PDF

Digital Issue: Price $9.99
(incl. VAT)