Red Hat Third Quarter Exceeds Expectations
Linux undertaking Red Hat has recorded a 24.3 million dollar profit in the third quarter of 2008, bettering last year's numbers.
Red Hat sales rose 22% to 165 million dollars compared to the third quarter of 2007. Software subscriptions for the U.S. company increased over the same period by 17% to 135.5 million dollars. The results exceeded analysts' expectations, despite economic times, the company's acquisition of Qumranet and undesirable foreign exchange rates.
Jim Whitehurst, president and CEO as of a few months ago, was pleased with the results and was hopeful about the future. He said that IT purchasing decisions will undergo some extreme rethinking considering the financial crisis and that open source companies such as his have a better chance at weathering the storm with their "low cost, high value" software. Linux Magazine Online had the opportunity to interview the Red Hat chief early December in Munich.
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
-
Fedora Continues 32-Bit Support
In a move that should come as a relief to some portions of the Linux community, Fedora will continue supporting 32-bit architecture.
-
Linux Kernel 6.17 Drops bcachefs
After a clash over some late fixes and disagreements between bcachefs's lead developer and Linus Torvalds, bachefs is out.
-
ONLYOFFICE v9 Embraces AI
Like nearly all office suites on the market (except LibreOffice), ONLYOFFICE has decided to go the AI route.
-
Two Local Privilege Escalation Flaws Discovered in Linux
Qualys researchers have discovered two local privilege escalation vulnerabilities that allow hackers to gain root privileges on major Linux distributions.
-
New TUXEDO InfinityBook Pro Powered by AMD Ryzen AI 300
The TUXEDO InfinityBook Pro 14 Gen10 offers serious power that is ready for your business, development, or entertainment needs.
-
Danish Ministry of Digital Affairs Transitions to Linux
Another major organization has decided to kick Microsoft Windows and Office to the curb in favor of Linux.
-
Linux Mint 20 Reaches EOL
With Linux Mint 20 at its end of life, the time has arrived to upgrade to Linux Mint 22.
-
TuxCare Announces Support for AlmaLinux 9.2
Thanks to TuxCare, AlmaLinux 9.2 (and soon version 9.6) now enjoys years of ongoing patching and compliance.
-
Go-Based Botnet Attacking IoT Devices
Using an SSH credential brute-force attack, the Go-based PumaBot is exploiting IoT devices everywhere.
-
Plasma 6.5 Promises Better Memory Optimization
With the stable Plasma 6.4 on the horizon, KDE has a few new tricks up its sleeve for Plasma 6.5.