Friday, April 06, 2012

With $1b in sales, Red Hat really takes off - Business - The Boston Globe

Excerpt from a Red Hat profile
"Al Gillen, a software analyst at IDC Corp., said the company’s decision a decade ago to compete for enterprise business against such giants as Microsoft Corp., seemed risky at the time and had opposition even within Red Hat.
“The company brought forward a business model that really raised a lot of eyebrows, and a lot of people questioned if they could really be successful,’’ said Gillen. “They’ve proven it could work.’’
On March 28, Red Hat reported revenue of $1.1 billion ended in February - 25 percent higher than the previous year - and profit of 75 cents a share. The company’s stock price closed Thursday at $60.95, and is up 31.4 percent over the past year."
With $1b in sales, Red Hat really takes off - Business - The Boston Globe
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