September 15, 2000

Linux gadgets help Red Hat cut losses

Author: JT Smith

Red Hat on Thursday released its earnings report, edging a penny closer to profitability than analysts had expected. The company was boosted by several companies paying to use its software in gadgets and other so-called
embedded devices. The leading Linux seller reported an adjusted net loss of $1.9 million, or 1 cent per share, on revenues
of $18.5 million for its fiscal second quarter ended Aug. 31, reported CNet.

Category:

  • Linux
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