Profits for number one Linux distributor RedHat soared during its fiscal third quarter of 2004 to $4.1 million (2 cents per share), a difference of about eighteen hundred percent from the same time last year.
Net income during the same quarter last year was $214,000, or break-even.
LXer: Companies selling preinstalled Linux and no-OS: Linux::
so desperate here that well jump at anything, you know. SFN But you wont find this choice at Gateway or eMachines or your Best Buys or Circuit Citys.
http://duggmirror.com/linux_unix/Companies_selling_preinstalled_Linux_and_no_OS/HOME |
The company made the announcement on the same day it released earnings that showed its revenue was $33.1 million, a 36 percent jump over the same year-ago fiscal third quarter.
The revenues were up by 15 percent over the $28.8 million that it took in during the second quarter of fiscal 2004.
It also announced that it has reached a deal to acquire storage infrastructure software company, Sistina Software, for about $31 million in stock.
Sistina is expected to play a major role in Red Hat's Open Source Architecture strategy, company officials said, by providing Enterprise Linux customers a path to virtualization and vendor-independent storage solutions.
 Technical Analysis: Expiry Games
 The Chips Are Up
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RedHat's Earnings Jump; Buys Storage Company