Red Hat's Steady March to the Big Leagues
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.