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Red Hat In The Black for Q3

Posted by timothy on from the green-is-a-nice-color-too dept.

wheeeee! writes "Red Hat has posted a profit for the third quarter. Well, a meager $300 grand of actual net, but still a profit nonetheless. Their total revenue of $24.3 million was higher than expected. The cash flow appears to have been spurred by an increase in sales of RH's Advanced Server, of which 12000 were sold, compared to 8000 the previous quarter. RH says they're now following the Generally Accepted Accounting Principles, developed in the wake of recent accounting troubles at some companies."

5 of 146 comments (clear)

  1. Good news by dipfan · · Score: 5, Funny

    At last, someone gets to the 3. Profit!!! stage.

    There's a better Reuters coverage of the subject here.

  2. I suppose the appropriate response would be... by TrollBridge · · Score: 3, Funny
    "It's official, Red Hat is NOT dying".

    Can the same be said for FreeBSD?

    --
    There's a Mercedes gap too. I want one and can't afford one, but it's not government's job to do anything about it.
  3. OK, now that they are out of the red... by tsvk · · Score: 5, Funny

    ...will they change their name to Black Hat?

  4. They're doing better than McDonald's... by rmayes100 · · Score: 2, Funny

    McDonald's posts its first quarterly loss ever.

  5. What's the difference... by Fnkmaster · · Score: 2, Funny
    between Red Hat's first profitable quarter and an evil hacker who's girlfriend is on the rag?


    One is a Red Hat in the black, and the other is a black hat in the red.


    Ba-doom-ching!