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| Tuesday, September 26, 2006 |
Red Hat Inc. (RHAT), a distributor of open-source Linux software, expects its sales in the greater China region to double in fiscal 2007 and grow by 85 percent in fiscal 2008, an executive said on Tuesday. "Our plan is to have 100 percent growth this year, and 85 percent growth next year," Michael Chen, general manager of Red Hat China, told Reuters in an interview.
Red Hat posted total sales of $278.3 million for the last business year through February. The firm's greater China region, which includes Hong Kong, mainland China and Taiwan, made up 2 percent of that figure, he added.
Customers of Red Hat, which competes against Novell Inc., a developer of networking software, include Goldman Sachs Group Inc. and Amazon.com Inc. .
Headcount in the region is expected to reach 80 by the end of this year, Chen said, from around 55 now. |
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