CNET News: Red Hat Revenue Surges 46 Percent
Jul 01, 2005, 14:30 (4 Talkback[s])
(Other stories by Alorie Gilbert)
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"Red Hat reported on Wednesday that first-quarter revenue
climbed 46 percent as more companies and governments opened their
wallets for its open-source tools and support services.
"Revenue for the quarter, which ended May 31, was $60.8 million,
representing record sales for the company. Revenue from enterprise
subscriptions, or contracts with big corporate and government
clients, increased 63 percent in the quarter and now makes up 80
percent of the company's revenue. Wall Street has been eager to see
the company grow that business..."