Red Hat announced 05 net profit increase of Q2 settlement in accounting year 225%

[Journal reports by BP] Red Hat recently announced the 2004 quarter of the 2nd fiscal year (6 ~ Performance for the quarter of August. The quarter's turnover was $46.3 million, an increase of 60% from the same quarter of the previous year. It is 41.8 million more than the $ 11% in the previous quarter. Net profit was $11.8 million (6 cents per share), a substantial increase of 225% from the same quarter of the previous year. The previous quarter was $10.9 million (6 cents per share ).

The Business cash flow for this quarter is $30.8 million (16 cents per share), and the total cash and investment is $0.9977 billion.

Red Hat Enterprise Linux has sold 0.14 million sets. Among them, 0.115 million sets are from new purchases and updates of IT servers by enterprises, and 20 thousand new sets are from HPC/host hosting services and desktop computer applications. The operating profit increased to $6.7 million, accounting for 15% of the turnover. As the company expanded its business globally, the number of employees increased by 10%.

"As the performance reflects, the demand for the company's products continues to strengthen. Global businesses are also successful ." (Executive vice president and CFO Charlie Peters)

From: Nikkei BP Network