General

Red Hat Makes A Profit!

“RESEARCH TRIANGLE PARK, North Carolina?June 19, 2001?Red Hat, Inc. (Nasdaq:RHAT), the leader in developing, deploying and managing open source solutions, today reported revenue of $25.6 million for the first quarter ended May 31, 2001, an increase of 18% versus the $21.7 million reported for the first quarter of fiscal 2001 and a decrease of 5% over the fourth quarter of fiscal 2001.”

This is great news–I’m really happy that a Linux company is actually looking like it might make it! It will be interesting to see what comes of this.