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Silicon.com: Red Hat performance falls short of chief's predictions

Oct 06, 2000, 12:30 (1 Talkback[s])

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"The CEO of Linux powerhouse Red Hat is in danger of being caught out by the recent downturn in the performance of high-tech companies after he predicted in June his revenues would double this year, and for years to come."

"In an exclusive interview with silicon.com, Matthew Zsulik was bullish about his company's future, claiming it would become profitable within six quarters."

"He said: "We told Wall Street that we will grow our business by 100 per cent a year. Top line revenues, 100 per cent a year and we will be profitable in five to six quarters and it will continue to be a target to meet that goal."

"Red Hat recorded impressive revenue growth at the end of its second fiscal quarter last month, but the figure fell short of Zsulik's figure of 78 per cent."

Complete Story [ Ed. Note: Story is an anchor for a RealAudio interview ]

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