Red Hat Gains in Fourth Quarter
Red Hat, Inc. earned $23.4 million in net income in their fourth fiscal quarter ending February 28, 2010, compared with $16.4 million in last year's Q4.
Total revenue grew 18% from the same period in 2009 to $195.9 million. The year-end report for fiscal 2010 shows a net income of $87 million, compared with $79 million at the end of 2009. The total yearly revenue grew by 15% to $748.2 million, of which the lion's share was subscriptions ($638.7 million), up 18% from the previous year. Training and services brought in $109.6 million in revenue over the year.
Executive VP and CFO Charlie Peters spoke of an exceptionally successful Q4. "This year has been about consistent execution in the most difficult economic conditions in our lifetime." He continued, "We added over 350 employees consistently throughout the year, principally in engineering and sales" while "continuing to invest significantly." The company apparently benefited from it.
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
-
Kali Linux 2025.3 Released with New Hacking Tools
If you're a Kali Linux fan, you'll be glad to know that the third release of this famous pen-testing distribution is now available with updates for key components.
-
Zorin OS 18 Beta Available for Testing
The latest release from the team behind Zorin OS is ready for public testing, and it includes plenty of improvements to make it more powerful, user-friendly, and productive.
-
Fedora Linux 43 Beta Now Available for Testing
Fedora Linux 43 Beta ships with Gnome 49 and KDE Plasma 6.4 (and other goodies).
-
USB4 Maintainer Leaves Intel
Michael Jamet, one of the primary maintainers of USB4 and Thunderbolt drivers, has left Intel, leaving a gaping hole for the Linux community to deal with.
-
Budgie 10.9.3 Now Available
The latest version of this elegant and configurable Linux desktop aligns with changes in Gnome 49.
-
KDE Linux Alpha Available for Daring Users
It's official, KDE Linux has arrived, but it's not quite ready for prime time.
-
AMD Initiates Graphics Driver Updates for Linux Kernel 6.18
This new AMD update focuses on power management, display handling, and hardware support for Radeon GPUs.
-
AerynOS Alpha Release Available
With a choice of several desktop environments, AerynOS 2025.08 is almost ready to be your next operating system.
-
AUR Repository Still Under DDoS Attack
Arch User Repository continues to be under a DDoS attack that has been going on for more than two weeks.
-
RingReaper Malware Poses Danger to Linux Systems
A new kind of malware exploits modern Linux kernels for I/O operations.