In the completed second quarter of the financial year, the American company Red Hat recorded a turnover of USD 183.6 million (EUR 124 million), which is almost USD 20 million higher than in the same period last year. Red Hat earned $156.3 million from product subscriptions, which is $20.5 million more than a year ago. Turnover related to training and services reached USD 17.5 million and was slightly below last year’s level.
Last Updated: 13 Dec 2023
According to the published report, Red Hat’s net profit increased by 7.8 million – to $28.9 million. As reported by The Wall Street Journal, the company’s turnover exceeded analysts’ expectations. Since July, Red Hat has been included in the S&P 500 index, which includes the five hundred largest American companies listed on the stock exchange.
| Red Hat sales and profits | ||
| Quarter | Turnover (USD million) | Net profit/loss (USD million) |
| 1/07 | 84,0 | 13,8 |
| 2/07 | 99,7 | 11,0 |
| 3/07 | 105,8 | 14,6 |
| 4/07 | 111,1 | 20,5 |
| 1/08 | 118,9 | 16,2 |
| 2/08 | 127,3 | 18,2 |
| 3/08 | 135,4 | 20,3 |
| 4/08 | 141,5 | 22,0 |
| 1/09 | 156,6 | 17,3 |
| 2/09 | 164,1 | 21,1 |
| 3/09 | 165,3 | 24,3 |
| 4/09 | 166,2 | 16,0 |
| 1/10 | 174,4 | 18,5 |
| 2/10 | 183,6 | 28,9 |
| The tax year begins on March 1 of the previous calendar year. | ||
Red Hat on the Stock Market
Added: 13 Dec 2023
Currently, Red Hat Inc. is not listed on the Exchange after being taken over by IBM – Read the Press Release. In the first Investment Guide on Blogelist, I described my experience with IBM stock transfer between brokers, which you can read here.
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This article is a translation of the article: “๐ต๐ฑRed Hat Roลnie W Siลฤ” from the CentOS Centrum blog, currently in archived form, part of Blogelist, originally published on the Blogspot platform.
Full disclosure:ย As a Blog Founder, I have a small stake in the parent company, which is currently owning Red Hat, which is the subject of this article.
