Feeds

Red Hat Q4 sales soar

Profit kicker

  • alert
  • submit to reddit

Remote control for virtualized desktops

Red Hat is to buy back more shares after reporting a record fourth quarter. The Linux distro pulled in revenues of $57.5m for the three months to 28 February 2005, 56 per cent up on last year, and net income of $11.8m, 200 per cent up on Q4 04.

Enterprise subscription revenue was $45.4m, 92 per cent higher year on year. According to Red Hat this vindicates the firm's recurring revenue model, which generates six times more turnover than that of the number two Linux provider (presumably Novell/SUSE). It bases this estimate on "publicly available information".

Revenues for the full year, FY05, were $196.5m, up 58 per cent on FY04, and net income was $45.4m.

The company ended the year with cash and investments of $928m, and that was after spending $54.8m to repurchase stock. Deferred revenues looks good too, with the company owed $137.3m at the end of the year. This is 86 per cent higher than the end of FY ’04.

For the full year, Red Hat reports cash flow from operations of $122.2m, 100 per cent more than FY04. The company is to buy up to another $150m in shares and retire $50m in debentures, to offset dilution caused by employee stock options and convertible debt.

More here. ®

Related stories

Novell woos CeBIT with SUSE Linux 9.3
Red Hat Enterprise Linux v.4 hits the streets

Beginner's guide to SSL certificates

More from The Register

next story
That dreaded syncing feeling: Will Microsoft EVER fix OneDrive?
Microsoft's long history of broken Windows sync
Mozilla, EFF, Cisco back free-as-in-FREE-BEER SSL cert authority
Let’s Encrypt to give HTTPS-everywhere a boost in 2015
SLURP! Flick your TONGUE around our LOLLIPOP – Google
Android 5 is coming – IF you're lucky enough to have the right gadget
Nokia's N1 fondleslab's HIDDEN BRILLIANCE: The 'Z Launcher'
Sugarcoating Android's Lollipop makes tab easier to swallow
Bug fixes! Get your APPLE BUG FIXES! iOS and OS X updates right here!
Yosemite fixes Wi-Fi hiccup, older iOS devices get performance boost
Microsoft: Your Linux Docker containers are now OURS to command
New tool lets admins wrangle Linux apps from Windows
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
Meet Windows 10's new UI for OneDrive – also known as File Explorer
New preview build continues Redmond's retreat to the desktop
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
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.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.