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PC Week: Red Hat Q2 results right on target

Sep 22, 1999, 16:01 (2 Talkback[s])
(Other stories by Larry Dignan)

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"Red Hat Inc. reported a fiscal second-quarter loss in line with expectations Wednesday as sales jumped 95 percent from a year ago."

"The newly public Linux software and services company reported a net loss of $3.1 million, or 9 cents a share, on sales of $4.4 million for the quarter ending Aug. 31..."

"The company also said in a statement that the open-source movement is gaining steam in the corporate market..."We doubled the number of Red Hat's enterprise customers to 34 this quarter compared to 17 for the first quarter of this fiscal year," said Bob Young, CEO of Red Hat."

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