Advanced Server OS gives Red Hat a boost

Four months after releasing its enterprise-ready Red Hat Advanced Server Linux operating system, Red Hat is showing signs of a...

Four months after releasing its enterprise-ready Red Hat Advanced Server Linux operating system, Red Hat is showing signs of a healthier bottom line.

Yesterday the leading Linux vendor in the US reported revenue of $21.2m for its fiscal second quarter ended 31 August, up 9% from the $19.5m in the previous quarter.

Losses fell in the second quarter to $1.7m from $4.6m in the previous quarter.

On a pro forma basis, Linux software and services company reported a net loss of $471,000 for the quarter, or break-even per share, compared with an adjusted net loss of $829,000, or break-even per share, in the previous quarter.

Red Hat said its Advanced Server OS is key to its improved performance. It was unveiled early this year and began shipping in May, offering more robust and scalable Linux capabilities to business IT departments.

"Strong operating performance, including revenue growth and positive cash flows, delivers evidence that Linux in the enterprise is for real, and Red Hat is positioned to lead the market," said chief financial officer Kevin Thompson.

In March, the company restructured after posting a net loss of $41.9m. The business scaled back its embedded systems operations and closed its network consulting unit.

Red Hat also announced that from now on it would report its financial results based only on generally accepted accounting principles, rather than pro forma figures.

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