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Red Hat's Steady March to the Big Leagues

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Linux

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.

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