RedHat posts first quarterly profit... ever!
Poster: Aron Schatz
Posted on December 26, 2002 at 3:56:12 PM
Wow, an open source company making money? Let's see if they can continue the trend.
Quote
The Raleigh, N.C., company last week reported net income of $305,000 for the quarter ended Nov. 30, up from a loss of $15.1 million in the same quarter last year. Red Hat also reported a 21 percent rise in revenue, to $24.3 million, in the quarter.