Red Hat turns a profit once again
Back in the black
Red Hat managed to wring a profit out of its first fiscal quarter, posting solid year-on-year growth.
The Linux maker made $27.2 million in revenue for the period which ended on May 31. This marks a 39 percent increase over the $19.5 million posted in the same quarter a year ago.
The strong quarter pushed Red Hat into the black for the second time in company history. It posted net income of $1.5 million or $0.01 per share. This compares to a net loss of $4.6 million or $0.03 a share in last year's first quarter.
Subscriptions for Red Hat Enterprise Linux products grew 10 percent to 23,500. The enterprise business performed well, rising 14 percent from last quarter and 104 percent year-on-year. ®