[KLUG Advocacy] RedHat makes money (as in net income)

Brian Ritz advocacy@kalamazoolinux.org
Wed, 18 Jun 2003 22:09:19 -0400 (EDT)


On 18 Jun 2003, Adam Williams wrote:

>http://computerworld.com/newsletter/0,4902,82224,00.html?nlid=PM
>"In a statement issued after the close of the U.S. financial markets,
>the Raleigh, N.C.-based company said it had a net income of $1.5 million
>for the quarter that ended May 31, compared with a net loss of $273,000
>in the previous quarter and a $4.6 million net loss one year ago. Red
>Hat reports its figures using generally accepted accounting principles."
Who says the economy is slow and I am also glad they use gaap instead of 
some of the 'new' accounting principles some of these companies have been 
using to report income and losses.
>Nice to hear.
>
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Apathy is the mid-wife to Ignorance,
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