Profit at open source software provider Red Hat
reached $76.7m (£38.4m) in 2007, a rise of 28 per cent on the $59.9m (£30m)
earned the previous year.
Annual revenue rose 31 per cent to $523m (£262m). Fourth quarter sales were
up 27 per cent to $122m (£61.1m), while net income grew 10 per cent to $22m
(£11m during the period.
"The company's performance was driven by growing demand for our open source
solutions and the convincing value which we are able to demonstrate with our
customers," said chief financial officer Charlie Peters.
"We are also realising returns on the increased investment which we have made
over the past year in engineering, sales and marketing, combined with solid
execution by our associates."
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But the Linux supplier is having trouble digesting its JBoss acquisition 04 Oct 2007
Revenue and subscriptions both increase by more than 40 per cent in first quarter 28 Jun 2007
Reseller channel significantly boosts open-source sales. Dave Friedlos reports 05 Oct 2006
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