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Red Hat Posts Its Best Quarter Yet

Posted by CowboyNeal on from the more-than-just-hanging-in-there dept.

wrinkledshirt writes "Anybody remember the days when the naysayers said you couldn't build a viable business model centered around open-source software? After Red Hat's 2nd quarter report, well, insert(&mouth, FOOT); is all I have to say. Okay, okay, the hubris of a Linux zealot aside, the numbers look pretty good. Revenue for the quarter was $28 million, with net income at $3 million. You'd think SCO's blathering would have damaged them, but they're actually up the last couple of quarters after posting some net losses in previous quarters." Kudos to Red Hat. They must be doing something right.

10 of 355 comments (clear)

  1. hey... by Spytap · · Score: 2, Funny

    I just bought a package...that means i helped!

  2. They need smarter vendors by jsse · · Score: 5, Funny

    We, along with many other companies around here, have serious enterprise deployment of Redhat Linux and Oracle, thanks to their Redhat+Oracle enterprise initiatives.

    However their vendors don't seem to catch up with trend. I got many calls this week from a ASL sales asking for some clarification to our order:

    "Are you sure you don't need Arcserve for Linux for your tape drive?...dar? oh tar...tar? I really think you need Arcserve for schedule backup....cron?...."

    "Are you sure you don't need GEAR PRO for your CDRW drives? I believe you need it for writing some CDRW....I don't think there's any CDRW burning software bundled....what cdrecord?...."

    "Are you sure you don't need any antivirus sof"

     *DIALTONE*

  3. Re:How does it feel ? by innosent · · Score: 2, Funny

    At the end it's all about $.

    Wait, so we're capitalists now?... In America?... When did THAT happen?...

    --
    --That's the point of being root, you can do anything you want, even if it's stupid.
  4. Re:How to make money with Open Source by Anonymous Coward · · Score: 0, Funny

    hmm.. Your post has ??? in it. Hence i see it modded as funny. There is no other reason for it to be funny. :-)

  5. Re:How to make money with Open Source by hdparm · · Score: 1, Funny

    What do yo mean???

  6. Re:Doesnt surprise me one bit. by minus9 · · Score: 5, Funny

    Yes. Any company smaller than Microsoft and that doesn't have several billionaires on staff must be considered unsuccessful. I find your ideas fascinating and wish to subscribe to your newsletter.

  7. SEC filing by glassesmonkey · · Score: 3, Funny
    • SECURITIES AND EXCHANGE COMMISSION
      • FORM 8-K
      CURRENT REPORT
      PURSUANT TO SECTION 13 OR 15(d) OF
      THE SECURITIES EXCHANGE ACT OF 1934
      • Date of Report : September 18, 2003

      • Red Hat, Inc.

    • Sales to approximately 26,000 subscriptions
    • ???
    • Gross margins increased to 74% (profit)
  8. Re:What's terrifying by TheRaven64 · · Score: 5, Funny
    Linux Sucks! Open source is evil! The GPL causes cancer! GNU is un-{nation of your choice here}!

    Can I have $8 million now? (Yes, I have principles, and yes, I know exactly how much they're worth...)

    --
    I am TheRaven on Soylent News
  9. Re:It's the distro I use by Anonymous Coward · · Score: 0, Funny

    If I use a toilet instead of crapping in a hole in the ground does that mean that I am not a "real" crapper.

  10. Re:Doesnt surprise me one bit. by mr_sas · · Score: 2, Funny
    a linux-based console?

    Slashdotter A: Cool a linux based console!
    Slashdotter B: Copy Protection? I'm not buying this. My console is mine i should be able to run what i want on it, not what some insensitive mega-global-corporation says i can.
    Slashdotter C:

    1. Make unpirateable console
    2. market to /. types
    3. ???
    4. Profit