This quarter was all about constructing the fireworks of the future for Linux vendor Red Hat
In its first quarter of fiscal 2009, Red Hat produced $0.08 of GAAP earnings per share on revenue of $156.6 million. That's a 32% sales increase over last year, while profits held steady. But the numbers don't tell the whole story here.
The open-source software veteran released major updates to four of its key products and re-signed every expired contract with its 25 largest subscribers -- for 50% more than the worth of the old deals. It's always cool to see the big boys upgrading their pacts, don't you think? Red Hat continues to invest in its global sales and support infrastructure, funding the growth from organic cash flows.
And if you doubt that the hackeriffic Linux platform is ready for a hard sell into the corporate space, consider that NYSE Euronext
Red Hat's efforts to scale up its business model positions the company for years of upcoming growth, at a time when Microsoft
For now, it's all about the enterprise space. But remember that Apple