Red Hat Swings Back Into Black
Open-source and Linux provider Red Hat Inc. swung back into the black in the first quarter of its 2004 fiscal year, while at the same time significantly reducing its operating loss.
The company posted net income of $1.5 million, or $0.01 a share for the quarter, ended May 31. This compares to a net loss of $273,000, or break-even per share, in the prior quarter, and a net loss of $4.6 million, or $0.03 per share, in the same year-ago quarter.
More at eWeek
3Com launches 11g line
- Sony to invest nine billion yen to build OLED production line
- Lite-On IT expects to ship up to one million recordable DVD drives in 2003
- ProMOS to introduce branded DRAM next year
- DRAMeXchange: Price contraction to follow profit-taking
- Asustek begins enjoying results of 'giant lion' strategy
- BenQ launches first Centrino notebook
- ATI and Creative Technology form alliance, target Asia market
- New Abit i865 BIOS - 17% more performance!
- Little pieces of carbon can hold gigabits of memory
Sponsored
See more
Latest news
Miscellaneous Previous news
Partners
