Linux grows apace
From The Register
Red Hat claimed to beat out an already healthy Linux market as it reported fourth-quarter sales figures that saw net income more than double.
The Linux distributor reported a 13background-color: #b7c3cf; -moz-border-radius: 10px; min-height: 20px; width: 575px; font-weight: normal; padding: 15px 15px 15px 15px; per cent increase in net income to $27.3m on revenue that grew 37 per cent to hit $78.7m during it fourth quarter. Red Hat was also happy to report earnings per diluted share up seven cents to $background-color: #b7c3cf; -moz-border-radius: 10px; min-height: 20px; width: 575px; font-weight: normal; padding: 15px 15px 15px 15px;.13.
Wall St analysts had forecast $78.4m revenue and EPS of $background-color: #b7c3cf; -moz-border-radius: 10px; min-height: 20px; width: 575px; font-weight: normal; padding: 15px 15px 15px 15px;.12.
For the company's full fiscal year 2background-color: #b7c3cf; -moz-border-radius: 10px; min-height: 20px; width: 575px; font-weight: normal; padding: 15px 15px 15px 15px;background-color: #b7c3cf; -moz-border-radius: 10px; min-height: 20px; width: 575px; font-weight: normal; padding: 15px 15px 15px 15px;6, Red Hat's net income grew 75.4 per cent to $79.6m on total revenue of $278.3m, an increase of 41.6 per cent over the previous year. EPS hit $background-color: #b7c3cf; -moz-border-radius: 10px; min-height: 20px; width: 575px; font-weight: normal; padding: 15px 15px 15px 15px;.41 compared to $background-color: #b7c3cf; -moz-border-radius: 10px; min-height: 20px; width: 575px; font-weight: normal; padding: 15px 15px 15px 15px;.21.
Red Hat's vice president for investor relations Dion Cornett said in a statement: "Fiscal year 2background-color: #b7c3cf; -moz-border-radius: 10px; min-height: 20px; width: 575px; font-weight: normal; padding: 15px 15px 15px 15px;background-color: #b7c3cf; -moz-border-radius: 10px; min-height: 20px; width: 575px; font-weight: normal; padding: 15px 15px 15px 15px;6 was a great year in that we out grew leading industry analysts' estimates for Linux market growth and substantially outpaced rivals."
Analyst IDC says Linux is the industry's fastest growing server operating system, growing at more than 2background-color: #b7c3cf; -moz-border-radius: 10px; min-height: 20px; width: 575px; font-weight: normal; padding: 15px 15px 15px 15px; per cent per quarter. Cornett added that the company's latest quarterly and annual results implied continued market share gains are there for the taking.®
