OzCrunch

Commercial Linux distributor Red Hat gave customers and investors something of a surprise yesterday when it reported its financial results for the third quarter of fiscal 2008 ended November 30. No, the company’s sales were not impacted in any way by the mortgage crisis and the related IT slump in the financial services sector that some vendors are seeing. Sales and profits were up smartly. The surprise was that Matthew Szulik, who has been at the helm of Red Hat for the past eight years, was stepping do…

Related Posts

• Red Hat Posts Solid First Quarter
Open source software company Red Hat has reported a 7% increase in net income to $17.3m for the first quarter 2009, on revenue up 32% at $156.6m.
• Revenue rises as Red Hat confirms reseller plans
Global expansion and strong Enterprise Linux subscriptions have lifted Red Hat to double-digit growth as the CEO confirms provider Red Hat's solution and services transformation.
• Red Hat Delivers Open Source Apps Marketplace
Linux vendor Red Hat has unveiled its Red Hat Exchange service that enables customers to acquire Red Hat technology pre-integrated with open source application offerings form third-party vendors.
• Red Hat adds to system monitoring service
Red Hat said this week it had spruced up its Red Hat Command Center server- and application-monitoring service, eliminating the need for users to maintain a Red Hat-prescribed hardware appliance to collect monitoring data.