Red Hat posts big sales increase

Red Hat has posted an increase in sales for its first quarter, with revenue up 42%.

Red Hat has posted an increase in sales for its first quarter, with revenue up 42%.

The Linux software firm saw sales reach £62.5m for the three months ending 31 May, with net profits rising from £7.2m in the corresponding quarter last year to £8.5m this time round.

During the quarter, Red Hat launched version 5 of its flagship Red Hat Enterprise Linux operating system.

"We started the quarter in high gear with the release of Red Hat Enterprise Linux 5, and followed with important launches for JBoss and our middleware strategy", said Charlie Peters, CFO at Red Hat.

“Our investments in sales, marketing and R&D during the quarter set a solid foundation for the balance of the year," he said.

Specsavers sees benefits of open source packages >>

Red Hat and Symantec offer SMEs bundled secure server platforms >>

Red Hat >>

Comment on this article:



Enjoy the benefits of CW+ membership, learn more and join.

Read more on IT for small and medium-sized enterprises (SME)

Start the conversation

Send me notifications when other members comment.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Please create a username to comment.