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The Register: Red Hat still on course for Linux profits by end of 2001

Nov 10, 2000, 17:01 (0 Talkback[s])
(Other stories by Tony Smith)

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"Red Hat is still on track for 100 per cent year-on-year revenue growth by the end of next fiscal year, the Linux company's newly appointed CFO said yesterday."

"Red Hat said on 14 September that it was on course to become profitable by the end of December 2001, when it would also see 100 per cent revenue growth on fiscal 2000. ... Thompson restated that outlook - important, given Wall Street fears over Linux companies' potential profitability that arose after VA Linux Systems' profit warning earlier this week."

"Thompson said Red Hat would be safe from the downturn on dotcom expenditure - a key factor in VA Linux Systems' warning - because of its different business model. "They sell hardware and software, we sell software and services," he said. "We do not have nearly the dependence on the dotcoms and don't expect that we will."

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