Feeds

Red Hat still in the red

But sales are growing nicely

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Red Hat, the best-known Linux distributor, continues to see strong revenue growth - and almost equally large widening of its losses. Reporting the results of its fourth quarter today, the company revealed revenues up some 39 per cent on the same period last year, rising from $9.4 million to $13.1 million. Last quarter, the company recorded sales of $10.5 million, so the Q4 figures represent quarter-on-quarter growth of 24 per cent. Sounds fine, but then you see how much Red Hat actually made - or rather, didn't make. During the three months the 29 February, the company lost $24.6 million, though exceptional items leave the company better off, at just $5.6 million in the red. The items relate to money brought into the company from the coffers of acquisitions Cygnus Solutions and Hell's Kitchen, primarily the former, we suspect. For the year ago quarter, Red Hat lost $1.2 million. For the year as a whole, Red Hat recorded a loss of $19.2 million ($39.9 million before "adjustments") on revenues of $42.4 million, increases of 242 per cent and 28.4 per cent, respectively, on the previous year's figures ($5.8 million and $33 million). Said Matthew Szulik, president and CEO: "Demand for Red Hat products and services is strong in ISPs, Web hosting companies and manufacturers of Internet devices." Indeed. The company's roster of enterprise customers rose to 140 during Q4 from 60 in the previous three-month period. "Post the consolidation of our recent acquisitions, Red Hat is in position to accelerate revenue and margin growth on a global basis," he added. Maybe, but it would be nice to show some profit at the end of the day, too... ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
YARR! Pirates walk the plank: DMCA magnets sink in Google results
Spaffing copyrighted stuff over the web? No search ranking for you
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
prev story

Whitepapers

Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.