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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."

1 of 146 comments (clear)

  1. Re:Better poor than broke. by JVert · · Score: 0, Troll

    Eh, I dunno, seems to me once a company turns a profit people look at it like they are gonna get a return next year. When RedHat first started everyone figured in 2 years they will be as big as microsoft. 4 years later... That sliver a black is a slap in the face to investors.

    Shareholders suck.
    Shareholders suck.
    Shareholders suck.

    Companys need to care about customers, not shareholders.

    By the way, as icing on the pessemistic cake of doom, McDonalds drew a loss this quater, not the airplane people, the fast food people!