jlc Posted September 19, 2003 Report Share Posted September 19, 2003 Red Hat 2Qt. results Red Hat, Inc. has sent out a press release on its second quarter results: a $240,000 profit on revenue of $29 million. The company has now sold about 26,000 Enterprise Linux subscriptions; subscription income is now worth about five times as much revenue as retail Linux sales. You go boy! Quote Link to comment Share on other sites More sharing options...
pmpatrick Posted September 20, 2003 Report Share Posted September 20, 2003 I think they have the right idea. Service is the way to make money in IT now and in the future. Software is becoming a comodity and only the large volume dealers will make a sustainable profit on the low margins. This is pretty much the IBM business model and open source is ushuring in the new age. I think it's only a matter of time. Quote Link to comment Share on other sites More sharing options...
Guest JaseP Posted September 22, 2003 Report Share Posted September 22, 2003 With an operating profit of one middle exec's salary, they are getting dangerously close to being seen as a money-maker. They better get their accountants to show more losses... But seriously, this is good news for a change. Quote Link to comment Share on other sites More sharing options...
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