As Linux Supplants Unix, Red Hat Cashes In

Posted by dave on Mar 24, 2004 10:00 AM EDT
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Although Red Hat's legal bills are beginning to mount, admitted chairman Matthew Szulik during Tuesday's earnings conference, the SCO cloud hanging over Linux has not stopped the software-subscription side of RH's business from rising 72% as compared to last year. Indeed Red Hat was able to reported a profit, for the fiscal year just closed, of $14 million. (Last year that figure was a $6.6 million loss.)

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