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
-
Linux Mint 22.2 Beta Available for Testing
Some interesting new additions and improvements are coming to Linux Mint. Check out the Linux Mint 22.2 Beta to give it a test run.
-
Debian 13.0 Officially Released
After two years of development, the latest iteration of Debian is now available with plenty of under-the-hood improvements.
-
Upcoming Changes for MXLinux
MXLinux 25 has plenty in store to please all types of users.
-
A New Linux AI Assistant in Town
Newelle, a Linux AI assistant, works with different LLMs and includes document parsing and profiles.
-
Linux Kernel 6.16 Released with Minor Fixes
The latest Linux kernel doesn't really include any big-ticket features, just a lot of lines of code.
-
EU Sovereign Tech Fund Gains Traction
OpenForum Europe recently released a report regarding a sovereign tech fund with backing from several significant entities.
-
FreeBSD Promises a Full Desktop Installer
FreeBSD has lacked an option to include a full desktop environment during installation.
-
Linux Hits an Important Milestone
If you pay attention to the news in the Linux-sphere, you've probably heard that the open source operating system recently crashed through a ceiling no one thought possible.
-
Plasma Bigscreen Returns
A developer discovered that the Plasma Bigscreen feature had been sitting untouched, so he decided to do something about it.
-
CachyOS Now Lets Users Choose Their Shell
Imagine getting the opportunity to select which shell you want during the installation of your favorite Linux distribution. That's now a thing.