Linux-vendor RedHat increased Q2 net earnings pr share by 225%
RedHat, one of the worlds biggest Linux vendors, earned $11.8 million second quarter this year, compared to $3.64 million in the same period last year.
$11.8 million equals 6 cents a share. RHAT only made $3.64 million, or 2 cents a share, Q2 2003. The marked reacted negatively despite excellent financial numbers: Revenues were expected to be $47.5 million, but turned out to be slightly below target at $46.3 million. RHAT closed at $15.10 on Monday.
This is good news for the computer industry and specially for companies specializing in Linux. The numbers show increasing demand for Open Source-based solutions in the market, and shows industry is finally getting comfortable with paying for Support, not software licenses.
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| Updated RHAT chart |
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