Feeds

Red Hat Q3's 'validate' Linux subscriptions

Big year-on-year gains

  • alert
  • submit to reddit

Beginner's guide to SSL certificates

Red Hat yesterday said its sale rose 55 per cent during its third quarter of fiscal 2005, reaching $50.9m from the year-ago total, $32.8m. Q3's sales were ten per cent higher than Q2's.

The bulk of Red Hat's sales came through its Linux OS subscription services, which yielded $39.2m in the three months to 30 November 2004 - up 80 per cent on Q3 FY2004 and 12 per cent over the previous quarter.

Enterprise subscription gross margins remained strong at 91 per cent; overall gross margins were 80 per cent. No wonder, then, that Red Hat's CFO, Charlie Peters, felt able to say: "We believe that our results reflect continued improvements and validation of our subscription model."

Red Hat said it increased its deferred revenue tally to $121.4m, up 22 per cent on the previous quarter and 170 per cent higher than Q3 FY2004.

The company's net income for the period came to $10.8m (six cents a share), up 155 per cent on the $4.3m it reported this time last year, but was eight per cent down on Q2's $11.8m (six cents a share). However, last quarter's net income was boosted through a $0.6m tax gain. Q2's income before tax totalled $11.2m; Q3's figure was $11.3m.

Red Hat generated $29.7m in cash during the quarter, taking its cash and investments tally to $979m. ®

Related stories

Enterprise surge boosts Red Hat's Q2
Sun must acquire Red Hat or Novell - analyst
Dell turns on too pricey Red Hat
Novell makes profit in Q4
Sun stares down Red Hat with Solaris 10
Red Hat hates money, which makes it better than Sun
Red Hat opens losing propaganda offensive against Sun
Red Hat ups security for Enterprise Linux 3

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.