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Red Hat Posts Its Best Quarter Yet

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.

6 of 355 comments (clear)

  1. Re:Doesnt surprise me one bit. by Com2Kid · · Score: 0, Offtopic

    Oh come on people, stop modding up obvious karma-whoring / trolls.

    (selling software is not dead, saying it is not interesting, kthxbye)

  2. Rad Hat Rocks!!! by Anonymous Coward · · Score: -1, Offtopic

    Here it is on September 19 1999^H^H^H^H2003 and Red Hat is posting record profits. I think I should go buy 1000 shares of their stock and I'll become a multi millionaire.

    Damn it's 330 on a Thursday night that club was awesome what the fuck am I doing posting on Slashdot.

    Hey everyone it's time to quit your job, the Dot Com Craze is back again!!!

  3. Re:How to make money with Open Source by Anonymous Coward · · Score: -1, Offtopic

    will you moderators ever stop finding that stupid shit funny?

  4. Re:Doesnt surprise me one bit. by Anonymous Coward · · Score: -1, Offtopic

    DEATH TO HANZOFAGGOT

  5. Arrr! Me eye! by Anonymous Coward · · Score: -1, Offtopic

    I yarn't supposed ta get jigs in it!

  6. morons' 1/4 revenue up 1000% by Anonymous Coward · · Score: -1, Offtopic

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    in our esti