The company reported an adjusted net loss of $600,000, or break even per share, for the fourth quarter of fiscal 2001, compared to an adjusted net loss of $5.6 million, or $0.04 per share, for the fourth quarter of fiscal 2000. On a reported basis, the net loss was $24.2 million, or $0.14 per share, compared with a net loss of $24.6 million, or $0.17 per share in fiscal 2000.
The company also completed its fiscal year 2001, with revenues of $84 million, compared to $42 million in fiscal 2000, a 100% increase. The adjusted net loss for fiscal 2001 was $5.9 million or $0.03 per share, compared to $19 million or $0.19 per share for fiscal 2000.
Red Hat expanded its sources of revenue by introducing strategic solutions to our global customers, which contributed to our strong operating results, commented Matthew Szulik, President and CEO of Red Hat. Our management team has continued to accomplish the operational and financial goals stated a year ago.
