You are here: silicon.com > Hardware > Servers

Servers

Red Hat losses escalate

New York disaster clouds forecasts...

By Pia Heikkila

Published: 19 September 2001 11:42 BST

The Linux software maker Red Hat said it expects to break even by the fourth quarter this year.

It blamed the current economic downturn for its poor performance and said it won't be able to provide revenue guidance because of the New York catastrophe.

It has reported losses in the second quarter and revenues were down 15 per cent.

Net losses grew to $55.3m or $0.33 per share, compared with a loss of $20m, or $0.12 per share in the same quarter a year ago.

  1. Zones
  2. Management
  3. Networks
  4. Software
  5. IT Services
  6. Hardware
  1. Verticals
  2. Public Sector
  3. Financial Services
  4. Retail & Leisure

  • Jobs
Regulatory Affairs Manager - 50K+ - East Anglia

This shows company is making large profits and growing significantly despite global economic downturn. Annual revenues surpass billion. Bonuses are ...

UNIX Systems Engineer at Top Financial Co! (Solaris/Red Hat Linux)

Leading Hedge Fund is looking to hire a PERMANENT Senior Level Linux Systems Administrator. The role is within the business facing UNIX and Linux ...

Risk Management Portfolio Analyst North-West World-Wide Bank 35k+

Your responsibilities will include but not be limited to the following - Maintaining and developing new and existing models for tracking MTD ...

CIO50 2008
The silicon.com CIO50 2008 profiles the most influential and innovative tech chiefs in the UK across all industries and organisation size, from the biggest FTSE100 companies to high growth dot-com start ups and the public sector. The list was voted on by the UK CIO community and a panel of experts. Find out more in our latest special report.





Quick Sitemap Links: