InformationWeek reports on the exciting news that 8-year old RedHat Software of North Carolina has made a profit for the first time. ” Leading Linux provider Red Hat Inc. climbed into the black for the first time in its eight-year history during the quarter ended in November. The company says it had a profit of $305,000 on revenue of $24.3 million for the third quarter. A year ago, Red Hat lost $15.1 million on revenue of $20.1 million.”
“Although Linux is an open-source operating system that can be freely downloaded from the Internet, Red Hat has profited by selling apps support and training tied to the operating system. Revenue for both software subscriptions and services rose during the quarter. Subscription revenue was $13.2 million, up 17% from $10.9 million a year ago. Services were $11.1 million, up from $9.2 million.”