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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."

3 of 146 comments (clear)

  1. Quite impressive by Lebannen · · Score: 5, Interesting

    I'm always impressed when relatively 'public' offerings such as Red Hat can turn a profit, really showing how important the business sector is. They may want free software, but they're more interested in low-cost software with some guarantee of support and an upgrade path. What I also found interesting was that those sale on advanced Server aren't actually sales - they're actually a subscription charge. 800-900 dollars for a year, product launched in May, and 1200 buyers (subscriptors?) by the third quarter - so that comes to just over $10,000,000 *if* they all pay a year's charges in advance. Not bad, and a revenue stream which will keep going year-over-year. Not bad at all. And I thought it was mainly online games charging subscriptions...

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  2. Red Hat Linux pricing: 7.3 vs. 8.0 by johnraphone · · Score: 5, Interesting
    Anyone notice the Redhat 7.3 prices vs 8.0 pricing?

    Red Hat Linux 7.3 Personal - $59.95
    Red Hat Linux 8.0 Personal - $39.95 ($20 cheaper)

    Red Hat Linux 7.3 Professional - $199.95
    Red Hat Linux 8.0 Professional - $149.95 ($50 cheaper)

    Redhat 8.0 is actually cheaper than 7.3. Its pretty interesting if they will end up making more money doing this.

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  3. Re:This is great-or is it? by IamTheRealMike · · Score: 5, Interesting
    After the 8.0 release I didn't see so many people praising Red Hat as with the 7.3 release. I see Red Hat push for a standardization in the Linux community, but it is more of "their" standards, not what the community wants. This is a double edged sword, good for them and getting Linux more coverage, but possibly bad for the community with a muscle like Red Hat who as we can tell is starting to flex a bit. Please tell me what you think on this.

    I think you're exaggurating :)

    Actually I think RedHat got lots of praise for 8.0, especially considering it was such a big leap. Desktop unification was a brilliant move, and for distros that ship both desktops you can expect to see more of this in future I am thinking.

    Redhat have been sponsoring (through Havoc) the desktop standards effort for some time now. The standards are hardly "theirs", they are developed in conjunction with the community and the only ties to Redhat are the fact that Havoc is the organiser and the mailing lists are hosted on a Redhat box. Redhat have never been about forcing control on people, far from it.

    I personally think 8 is great, it looks extremely slick and professional and the admin tools are nicely integrated into gnome2. The fact that they're now in the black tells me it's going to be alright - the hype has passed, but Linux is still here and going strong.