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.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
News
-
IBM Announces Powerhouse Linux Server
IBM has unleashed a seriously powerful Linux server with the LinuxONE Emperor 5.
-
Plasma Ends LTS Releases
The KDE Plasma development team is doing away with the LTS releases for a good reason.
-
Arch Linux Available for Windows Subsystem for Linux
If you've ever wanted to use a rolling release distribution with WSL, now's your chance.
-
System76 Releases COSMIC Alpha 7
With scores of bug fixes and a really cool workspaces feature, COSMIC is looking to soon migrate from alpha to beta.
-
OpenMandriva Lx 6.0 Available for Installation
The latest release of OpenMandriva has arrived with a new kernel, an updated Plasma desktop, and a server edition.
-
TrueNAS 25.04 Arrives with Thousands of Changes
One of the most popular Linux-based NAS solutions has rolled out the latest edition, based on Ubuntu 25.04.
-
Fedora 42 Available with Two New Spins
The latest release from the Fedora Project includes the usual updates, a new kernel, an official KDE Plasma spin, and a new System76 spin.
-
So Long, ArcoLinux
The ArcoLinux distribution is the latest Linux distribution to shut down.
-
What Open Source Pros Look for in a Job Role
Learn what professionals in technical and non-technical roles say is most important when seeking a new position.
-
Asahi Linux Runs into Issues with M4 Support
Due to Apple Silicon changes, the Asahi Linux project is at odds with adding support for the M4 chips.