Red Hat's Good Quarter: What's the Problem?
Jun 30, 2009, 19:32 (4 Talkback[s])
(Other stories by Paul Rubens)
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"Red Hat announced revenues of $174 million for its first
quarter ending May 31st, up 11 percent on the same period last
year. Underlying that were subscription sales – the lifeblood
of the company – up 13.8 per cent to $148.8m, although
training and services revenues were down slightly. And the company
was profitable: overall Red Hat made $18.5 million in the quarter
– up 7.1 per cent over the same period last year.
"So what's the problem?
"The first thing you have to wonder about is where all this
business will keep coming from. On Red Hat's earnings call the top
bods in the company were apparently keen to write off OpenSolaris,
putting forward the argument that businesses that desert Solaris
aren't moving to Sun's pet open source project, and instead are
deserting Sun's Unix for Linux, and Red Hat in particular."