Redhat (RHT) Gets A Win For Linux

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By Douglas A. McIntyre Published

The advocates of open source keep saying that Linux will eventually start to do some real damage to Microsoft (MSFT) Windows. Well, the largest enterprise Linux company in the US, Redhat (RHT) showed that the dream is still alive.

Net income for the quarter ended August 31 rose 65 percent to $18.2 million, or 9 cents per share, from $11 million, or 5 cents, in the year-ago period. Revenue rose 28 percent to $127.3 million That is still tiny compared to Windows, but at least Linux is not dying.

On the bad news side of town, Redhat suffered another delay in the launch of the PC version of its product.

According to Reuters: "RHT Chief Executive Matthew Szulik said in an interview that the software maker is still working to translate the software into foreign languages, make sure it is compatible with different PC hardware and work out some issues relating to licensing of some of the software in the package."

You can’t win em all.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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