The open source market is continuing to tick over nicely, despite the downturn, as Linux pioneer Red Hat unveiled another set of expectation-busting results. US-based Red Hat logged revenue of US$183.6m (£113m) for its fiscal second quarter to 31 August, up 12 per cent year on year, as subscription sales swelled 15 per cent. Net profit for the quarter hit US$28.9m, up from US$21.1m a year earlier. Red Hat chief executive Jim Whitehurst said end users were moving ahead with high-value solutions, and that this had contributed to a better-than-expected revenue haul in the quarter. Chief financial officer Charlie Peters, added: “We are particularly pleased with the growth of the current portion of deferred revenue combined with the lengthening of our average subscription duration.”
channelweb.co.uk @ 2010 Incisive Media
Issue: 335 | January/February 2015
Access CRN's extensive online resources including; email bulletins, community discussions and unique online news.
Processing registration... Please wait.
This process can take up to a minute to complete.
A confirmation email has been sent to your email address - SUPPLIED GOES EMAIL HERE. Please click on the link in the email to verify your email address. You need to verify your email before you can log on to the CRN website or start posting comments on articles.
If you do not receive your confirmation email within the next few minutes, it may be because the email has been captured by a junk mail filter. Please ensure you add the domain '@crn.com.au' to your white-listed senders.