by Paul Kunert25 September 2008
Open source player Red Hat has filed a “solid” set of second
quarter financials but forgot to mention the channel, which is underpinning a
significant proportion of its growth, in the UK at least.
For the three months ending 31 August, the company saw turnover
rise 29% on the same period a year earlier and profit rise $2.9m to $21.1m.
Subscription based sales were up 23% to $135.7m.
“Our focused execution has delivered another quarter of
solid growth and financial results,” said Red Hat CEO Jim Whitehurst, who added
the company was making progress in the virtualisation space.
Earlier this month, Red Hat announced the acquisition of
Qumranet, a deal it expects to speed its time to market with open source
virtualisation software including the virtual desktop infrastructure market.
Chief financial officer Charlie Peters said growth hinged
upon its “value message, the cost efficiencies of open source solution and our
world-class customer service.”
In the last eighteen months to two years Red Hat has re-engineered
its business and in the summer was reputed to be making good progress with
partners. A little nod from senior management would have been nice.
