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 ]
- The Standard: Red Hat Is Now at Your Service(Sep 28, 2000)
- CNET News.com: Linux gadget push helps Red Hat narrow losses(Sep 18, 2000)
- Smart Partner: Can Linux Make Money?(Sep 15, 2000)
- BW: Red Hat Second Quarter Revenue Soars 76% to $18.5 Million(Sep 14, 2000)
- CNET News.com: Red Hat cashing in early on Itanium chip(Aug 23, 2000)
- Upside: Red Hat's black ink(Jun 19, 2000)
- The Register: Red Hat out of the red in 2001 - CEO(Jun 16, 2000)
- CNET News.com: Red Hat beats estimates, aims for profit in 2001(Jun 16, 2000)
- BW: Red Hat First Quarter Revenues Climbed 95% to $16 Million(Jun 15, 2000)