Short bio: Computer Scientist, FOSS supporter (read more)
Tux Machines (TM)-specific
Red Hat as by all measures hit the big time, providing validation of the open source business model that even the harshest critics will have a hard time brushing aside. In its fourth quarter, Red Hat's revenue reached US$245 million, up 25 percent from last year.
The Linux distribution vendor's fourth quarter subscription revenue was $209 million, up 24 percent from the previous year. The company's fourth quarter saw GAAP earnings per share of $0.17, up 42 percent year-over-year, and non-GAAP EPS of $0.26, up 37 percent year-over-year. The fourth quarter's operating cash flow was $95 million, up 22 percent from the previous year.