Feeds

Red Hat sweetens Q3 with Sistina buy

Clustered ambitions

  • alert
  • submit to reddit

Boost IT visibility and business value

Red Hat continued to chug along in its third quarter, upping both revenue and subscriptions. In addition, the company announced plans to acquire Sistina Software - an upstart in the storage software market.

The Linux maker churned out $33.1 million in revenue for the quarter, which marks a 36 percent year-on-year increase. Red Hat reported net income of $4.1 million versus income of $214,000 in the same quarter a year ago. These results mark a sustained drive on Red Hat's part to stay profitable but also point to the fairly small business the company has carved out.

Red Hat saw a spike in its subscription rate, reaching a total of 33,000 for the quarter.

The company has not been shy about its focus on enterprise Linux over desktop software, and the purchase of Sistina should help push the data center efforts along. Sistina is fairly well know for its GFS file system that can run across a number of Linux servers. The company has tuned this software for Oracle's 9i RAC product and billed the combination as a way for customers to replace their Unix SMPs with Linux clusters. Sistina also makes a volume manager.

Red Hat expects to close the deal by early January at a purchase price of $31 million. Red Hat will issues shares of its common stock for the transaction, which hinges on standard approvals. ®

Boost IT visibility and business value

More from The Register

next story
The Return of BSOD: Does ANYONE trust Microsoft patches?
Sysadmins, you're either fighting fires or seen as incompetents now
Microsoft refuses to nip 'Windows 9' unzip lip slip
Look at the shiny Windows 8.1, why can't you people talk about 8.1, sobs an exec somewhere
Munich considers dumping Linux for ... GULP ... Windows!
Give a penguinista a hug, the Outlook's not good for open source's poster child
Intel's Raspberry Pi rival Galileo can now run Windows
Behold the Internet of Things. Wintel Things
Linux Foundation says many Linux admins and engineers are certifiable
Floats exam program to help IT employers lock up talent
Microsoft cries UNINSTALL in the wake of Blue Screens of Death™
Cache crash causes contained choloric calamity
Eat up Martha! Microsoft slings handwriting recog into OneNote on Android
Freehand input on non-Windows kit for the first time
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?