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To add a little perspective since people seem to be losing their heads at "one billion dollars!", their annual GAAP net income was only $146.6 million. [1] How
by Jach 15y ago
To add a little perspective since people seem to be losing their heads at "one billion dollars!", their annual GAAP net income was only $146.6 million. [1] How much did omgpop get bought for again? Anyway, congrats RedHat. Who knows where Linux and FLOSS in general would be without them. I tip my...(•_•) ( •_•)>⌐■-■ (⌐■_■) hat to them.
[1] http://www.redhat.com/about/news/press-archive/2012/3/red-hat-reports-fourth-quarter-and-fiscal-year-2012-results http://www.redhat.com/about/news/press-archive/2012/3/red-ha...
- ajross 15y agoHow is equating and/or confusing revenue, profit and market capitalization in the space of a two-sentence post "adding perspective"? Clearly Red Hat isn't going to be the next Apple (or even IBM, to whom they have a closer business model). But I'd be shocked beyond belief if Draw Something does a billion in revenue this year.
- JonnieCache 15y ago>But I'd be shocked beyond belief if Draw Something does a billion in revenue this year. I think that was Jach's point: that omgpop was overvalued.