Red Hat Grows on Windows to Linux MigrationJun 21, 2012, 18:14 (6 Talkback[s])
(Other stories by Sean Michael Kerner)
Red Hat is following up its first billion dollar year with a strong first quarter of growth.
For Red Hat's first quarter fiscal 2013, revenue was $314.7 million, a 19 percent year-over-year gain. The bulk of that revenue came from Red Hat's software subscriptions, which came in at $272.6 million, a 21 percent gain. Net Income was $35.7 million, or $0.19 per share, which is a gain over the $32.5 million reported a year ago.