Linux-Watch: Red Hat's Gross Income Grows, Net Disappoints

"Red Hat Inc. reported its financial results today for its fourth fiscal quarter and full fiscal year, both of which ended Feb. 28. While total revenue was up, the market was disappointed at the report that net income for the quarter fell about 25 percent year-over-year.

"Specifically, Q4 net income dropped from $28.75 million (13 cents per share) in 2006 to $21.5 million (10 cents per share) in 2007. Total revenue for the quarter was $111.1 million, an increase of 41 percent year-over-year and up 5 percent from the prior quarter. Subscription revenue was $95.9 million, up 44 percent year-over-year and 8 percent sequentially..."

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