Red Hat Reports Positive Third Quarter Earnings
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.
Issue 269/2023
Buy this issue as a PDF
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Find SysAdmin Jobs
News
-
MNT Seeks Financial Backing for New Seven-Inch Linux Laptop
MNT Pocket Reform is a tiny laptop that is modular, upgradable, recyclable, reusable, and ships with Debian Linux.
-
Ubuntu Flatpak Remix Adds Flatpak Support Preinstalled
If you're looking for a version of Ubuntu that includes Flatpak support out of the box, there's one clear option.
-
Gnome 44 Release Candidate Now Available
The Gnome 44 release candidate has officially arrived and adds a few changes into the mix.
-
Flathub Vying to Become the Standard Linux App Store
If the Flathub team has any say in the matter, their product will become the default tool for installing Linux apps in 2023.
-
Debian 12 to Ship with KDE Plasma 5.27
The Debian development team has shifted to the latest version of KDE for their testing branch.
-
Planet Computers Launches ARM-based Linux Desktop PCs
The firm that originally released a line of mobile keyboards has taken a different direction and has developed a new line of out-of-the-box mini Linux desktop computers.
-
Ubuntu No Longer Shipping with Flatpak
In a move that probably won’t come as a shock to many, Ubuntu and all of its official spins will no longer ship with Flatpak installed.
-
openSUSE Leap 15.5 Beta Now Available
The final version of the Leap 15 series of openSUSE is available for beta testing and offers only new software versions.
-
Linux Kernel 6.2 Released with New Hardware Support
Find out what's new in the most recent release from Linus Torvalds and the Linux kernel team.
-
Kubuntu Focus Team Releases New Mini Desktop
The team behind Kubuntu Focus has released a new NX GEN 2 mini desktop PC powered by Linux.