Home News Enterprise Computing Enterprise Business Red Hat Rakes in Big Bucks

Red Hat Rakes in Big Bucks

Article Source Cyber Cynic
June 24, 2009, 2:04 pm

Some companies, OK most companies, are in trouble, but Red Hat, the world's number one Linux company just keeps signing the customers and making the bucks.

In its first financial quarter for the 2010 fiscal year, which ended May 31st, 2009, Red Hat's total revenue was $174.4 million, an 11% increase from the year ago quarter. The company also reports that "subscription revenue for the quarter was $148.8 million, up 14% year-over-year..."

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