RedHat Achieves 1st Quarter Profit

RedHat, Inc. maker of the most popular distribution of Linux is reporting its first-ever profit which occurred during the 1st quarter 2001: ‘…”In an increasingly difficult IT environment, Red Hat delivered a profit and generated positive cash flows for the first time,” commented Matthew Szulik, President and CEO of Red Hat. “Companies continue to migrate their platforms to Red Hat Linux and to adopt Open Source solutions for mission critical applications.” One can argue that Microsoft has been profiting from open source software for years since the Wall Street Journal reports that despite Microsoft’s denials, it has been using open source software in its ‘major products’ for years.

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