Feeds

Red Hat revenues up

'A year marked by great execution'

  • alert
  • submit to reddit

Build a business case: developing custom apps

Things are looking rosy for Linux outfit Red Hat, which made a profit of $5m on turnover of $37m in the fourth quarter ended 29 February, 2004.

That is an 11 per cent increase on the previous quarter and a year-on-year increase of 43 per cent.

Red Hat gained 87,000 new subscriptions - of these 61,000 went to what the company describes as "the enterprise IT market". Renewal rates are still 90 per cent.

For the fiscal year ended February 29, 2004, the company reported revenues of $126.1m, an increase of 39 per cent as compared to fiscal 2003 revenues of 90.9m.

Kevin Thompson, CFO at Red Hat, said in a statement: "For Red Hat, fiscal 2004 was a year marked by great execution, as we delivered strong growth in revenues, cash flows, and profitablity. The growth rates in the adoption of Red Hat Enterprise Linux has exceeded our expectations to date and we are positive in our outlook for fiscal 2005."

For all the figures click here. ®

Related stories

Red Hat wins pre-load slot on IBM POWER servers
Red Hat intros software warranty
Red Hat sweetens Q3 with Sistina buy

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
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.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.