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Redhat Report Q1 Revenue Up 33%

Nik Cubrilovic
Friday, June 27th, 2008
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Nik Cubrilovic (koo-bree-low-vick) is an Australian-born entrepreneur, technologist, software developer and blogger. Nik has been a writer and advisor to Techcrunch since 2005, is a founding editor of TechcrunchIT, and is currently working at Techcrunch and on the Crunchpad project. Nik is the founder and CEO of Omnidrive, a web content and storage platform. Nik was also the founder... → Learn More

In their recent quarterly earnings reaport, Redhat announced that their revenue was up for the first quarter of the year to $156 Million, which is up 33% on year on year results. Redhat are making strong gains in the middleware sector, with JBoss leading their revenue increase along with associated sales of operating system support.

JBoss is a leading open source web application server that competes head to head with commercial solutions from Oracle/BEA and IBM. RedHat acquired Jboss for $420M back in early 2006, and the company has experienced solid growth since entering the middleware market with the product.

RedHat also recently announced the availability of a beta of the JBoss platform running on Amazon EC2. Amazon and Redhat have always had a strong relationship, with Redhat supplying the company with IT services for a number of years now. The announcement of the beta of JBoss on EC2 co-incided with Redhat’s new cloud computing initiative, which seems set to attempt to promote RedHat products and services in the cloud computing space.

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  • http://thinkingdigitally.com Rob Olson

    Awesome. There nothing bad about revenues for an open source company increasing by 1/3. Hopefully this will result in a few more developers for the Linux kernel and RHEL.

    Using some of that money to improve Yum would be a good idea. An even better idea would be to replace the whole package manager entirely with something like apt-get.

  • http://www.techcrunchit.com/ Nik Cubrilovic

    Rob: agree completely – in the same week we heard that MySQL were at $100M revenue, and RedHat is growing like crazy.

  • http://www.techcrunch.com/2008/06/28/this-week-on-techcrunchit/ This Week On TechcrunchIT

    [...] was also a big week for Open Source as a business as we heard about rapid growth at RedHat and MySQL now at Sun talking about their $100M revenue rate, strong growth and future [...]

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