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ZDNet UK: Red Hat Enterprise Business Grows

Jun 18, 2003, 22:00 (4 Talkback[s])
(Other stories by Dawn Kawamoto, Stephen Shankland)

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"The leading Linux vendor has met analysts' expectations for its financial year amid strong demand for its high-end products

"Red Hat reported on Tuesday first-quarter results that met analysts' expectations, due in part to strong growth in subscriptions for its enterprise technologies.

"Revenue reached $27.2m (£16.6m) in the quarter ended 31 May, up 39 percent from year-ago figures. Red Hat, which sells Linux products, reported net income of $1.5m, or 1 cent a share, compared with a net loss of $4.6m, or 3 cents a share, a year ago..."

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