Red Hat is proving you can make money from open source and
Anyone under the delusion that you can't make money from
open source and Linux should have been on Red Hat's 2008 fiscal year earnings
call on March 27.
If they had been, they would have heard Red Hat executives
report that the Linux giant posted net income of $76.7 million, or $0.36 per
diluted share, for the year, compared with $59.9 million, or $.29 per diluted
share, in the prior year.
According to the Raleigh, N.C.,
company's financial statement, Red
Hat's non-GAAP (Generally Accepted Accounting Principles)
"adjusted net income for the year was $152.9 million, or $0.72 per diluted
share, compared to $115.9 million and $0.56 per diluted share the year
Read the full story on Linux-Watch.com.