Featured Articles

AMD sheds light on stacked DRAM APUs

AMD sheds light on stacked DRAM APUs

AMD is fast tracking stacked DRAM deployment and a new presentation leaked by the company  points to APUs with stacked DRAM,…

More...
Nvidia officially launches the 8-inch Shield Tablet

Nvidia officially launches the 8-inch Shield Tablet

As expected and reported earlier, Nvidia has now officially announced its newest Shield device, the new 8-inch Shield Tablet. While the…

More...
Intel launches new mobile Haswell and Bay Trail parts

Intel launches new mobile Haswell and Bay Trail parts

Intel has introduced seven new Haswell mobile parts and four Bay Trail SoC chips, but most of them are merely clock…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
AMD A8-7600 Kaveri APU reviewed

AMD A8-7600 Kaveri APU reviewed

Today we'll take a closer look at AMD's A8-7600 APU Kaveri APU, more specifically we'll examine the GPU performance you can…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 21 December 2012 11:14

Red Hat doing well

Written by Nick Farrell



Who needs Linux on the desktop?


While the rest of the world is obsessed with the consumerisation of IT, it seems that the Linux outfit Red Hat is making a killing by focusing on the business use of Open Sauce.

Red Hat, which is probably the world's largest distributor of Linux operating software, managed to build a third-quarter revenue. As a result its shares went up six per cent in after-market trading. Not only is the company making a killing, but it also announced that it was writing a cheque for the privately held ManageIQ, which provides management and automation programs for cloud computing, for $104 million in cash.

This is the fourth acquisition for Red Hat since last year. Red Hat announced that it is expecting revenue of $347 million to $351 million. This quarter was not so great. Income fell to $34.8 million from $38.2 million. But overall revenue rose 18 per cent to $344 million, beating estimates of $338 million.

Most of the cash came from Red Hat's subscription revenue which rose 19 per cent to $294.2 million in the quarter ended November 30.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments