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Current Newswire:

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Systems Implementation Engineer II – Disk-Based Back-Up/Replication/RedHat Linux (PA)
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:Profit Pops at Red Hat But KVM Payoff Will Wait
Profit Pops at Red Hat But KVM Payoff Will Wait
Sep 25, 2008, 14 :02 UTC (0 Talkback[s]) (3328 reads)

(Other stories by Sean Michael Kerner)

"Though revenues and earnings are on the rise, there are a few areas of the Linux distributor's operations that aren't yielding any revenues yet."

"On a call with financial analysts discussing its results, CEO Jim Whitehurst noted that Red Hat is not making any money at all from its Fedora Linux distribution. Whitehurst also noted that Red Hat is not expecting to make any money this year from its recently acquired Qumranet virtualization technology."

Complete Story

Related Stories:
Red Hat Q2 Earnings Beat Street (Sep 24, 2008)
What's Red Hat Doing in the Virtualization Business?(Sep 22, 2008)
Report: IT Spending to Drop, but Red Hat and Oracle to Clean Up(Sep 12, 2008)



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