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CNET News: Red Hat Revenue Surges 46 Percent

Jul 01, 2005, 14:30 (4 Talkback[s])
(Other stories by Alorie Gilbert)

"Red Hat reported on Wednesday that first-quarter revenue climbed 46 percent as more companies and governments opened their wallets for its open-source tools and support services.

"Revenue for the quarter, which ended May 31, was $60.8 million, representing record sales for the company. Revenue from enterprise subscriptions, or contracts with big corporate and government clients, increased 63 percent in the quarter and now makes up 80 percent of the company's revenue. Wall Street has been eager to see the company grow that business..."

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