Financial Daily from THE HINDU group of publications
Thursday, Jun 24, 2004
Financial Daily from THE HINDU group of publications Thursday, Jun 24, 2004 |
||
|
|
||
|
Info-Tech
-
Performance Red Hat reports $10.7-m income Our Bureau
NEW DELHI: Red Hat, the open source and Linux provider, has reported a net income of $10.7 million for the quarter ended May 31, 2004. It is an increase of 113 per cent over net income of $5 million in the prior quarter and an increase of 603 per cent from the year-ago period. Revenue for the first quarter of financial year 2004-05 is up 13 per cent at $41.6 million, over $37 million in the fourth quarter of 2003-04, says a company release. The sales growth continued to outpace the Intel-based server market, reaching 98,000 subscriptions in the first quarter, an increase of 13 per cent. The renewal rate for subscriptions sold to Red Hat Enterprise Linux in the previous years is about 85 per cent.
More Stories on : Performance
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|