Red Hat Annual revenue grew by almost one third
The company Red Hat reported on the performance for the fourth quarter and full 2008 fiscal year as a whole (ended February 29).
During the period from December to February and including Red Hat received income of $ 141,5 million dollars. That is about 27% higher than the rate for the fourth quarter of fiscal year 2007, when the company's revenues amounted to just over 111 million dollars. In the last quarter of Red Hat received 22 million dollars in net profit, equivalent to 10 cents per share. In comparison, the year before the company's net profit amounted to 20.5 million dollars (10 cents per share).
Red Hat Revenue for the full 2008 fiscal year reached 523 million dollars, which is 31% above the amount of revenue for the 2007 fiscal year (400 million dollars). Net profit for the company's results of the year amounted to 76.7 million dollars or 36 cents per share, converted. In the 2007 fiscal year, Red Hat has received nearly $ 60 million profit (29 cents per share).
Guide Red Hat fairly current dynamics. Incidentally, the company is now at the stage of reorganization. It is understood that the transformation of business models will enable Red Hat to strengthen the market position and bring the size of the annual revenues of up to one billion dollars. In doing so, a significant portion of profits Red Hat expects to receive by distributing JBoss products.
Read also: Red Hat acquired the system integrator Amentra