Red Hat Reports Positive Third Quarter Earnings

Dec 22, 2010

Anika Kehrer , Amber Graner

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.

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