1. Computers
  2. Display Drivers
  3. Graphics Cards
  4. Memory
  5. Motherboards
  6. Processors
  7. Software
  8. Storage
  9. Operating Systems


Facebook RSS Twitter Twitter Google Plus


Phoronix Test Suite

OpenBenchmarking.org

Canonical Is Still Operating At A Significant Loss

Ubuntu

Published on 14 January 2014 10:36 AM EST
Written by Michael Larabel in Ubuntu
95 Comments

Canonical, the legal entity around Ubuntu Linux, is still operating at a loss of millions of dollars each year. Making the rounds on the Internet this morning is Canonical's UK financial report for the 2013 fiscal year.

Canonical's 2013 fiscal year ended 31 March 2013 but their annual report was just finished last month and is just making highlights on the web today. Their financial overview is just covering their UK activities.

For Canonical's FY2013 they operated at a loss of $21.3 million dollars, which is a loss of $10 million dollars greater than the prior year. While they are still operating in the red, their reported revenues were up to $65.7 million over $56.8 million in 2012. Of the $65.7 million they pulled in during 2013, 15 million was from their operations in the UK, just over two million was from their European activities, and 48 million was drawn from the rest of the world.

Canonical Is Still Operating At A Significant Loss

Canonical's highest paid director in 2014 took hope $424,334, which is an increase of $360,000 in the year prior. Canonical's gross profit came in at just over $60 million dollars and they paid $272,000 dollars in taxes. Back around 2009 they were pulling in just about $30 million dollars, so their revenues are certainly increasing, but in March it will have been a decade that Canonical was formed and they are still not turning a profit.

Canonical Is Still Operating At A Significant Loss

It will be interesting to see how long Mark Shuttleworth is willing to let Canonical operate at a loss or how long before they are cash flow positive. Right now they mostly seem to be putting all of their eggs into the mobile/converged devices bet for playing their next hand while they are still raking in money from their enterprise offerings, the Ubuntu Advantage program for OEM/ODMs, and other business services.

About The Author
Michael Larabel is the principal author of Phoronix.com and founded the web-site in 2004 with a focus on enriching the Linux hardware experience and being the largest web-site devoted to Linux hardware reviews, particularly for products relevant to Linux gamers and enthusiasts but also commonly reviewing servers/workstations and embedded Linux devices. Michael has written more than 10,000 articles covering the state of Linux hardware support, Linux performance, graphics hardware drivers, and other topics. Michael is also the lead developer of the Phoronix Test Suite, Phoromatic, and OpenBenchmarking.org automated testing software. He can be followed via and or contacted via .
Latest Linux Hardware Reviews
  1. NVIDIA GeForce GTX 980: The Best GPU For Linux Gamers
  2. ROCCAT LUA: A Linux-Friendly Gaming Mouse
  3. Cheetah Mounts: The Affordable Way To Put Your TV On The Wall
  4. Scythe Mugen MAX
Latest Linux Articles
  1. Preview: Radeon Gallium3D Performance For CS:GO On Linux
  2. XWayland Linux Gaming Performance With GNOME Wayland On Fedora 21
  3. EXT4/Btrfs/XFS/F2FS Benchmarks On Linux 3.17
  4. Fedora 21 Alpha First Impressions: It's Great
Latest Linux News
  1. Fedora Might Try A New Scheduling Strategy For Its Releases
  2. AMD's Catalyst Working On A GLSL Shader Cache
  3. OpenMP 4.0 Offloading Is Closer For GCC 5
  4. Wayland Presentation Extension Added To Weston
  5. Intel Skylake Support Rolls Out To Mesa's DRM
  6. VA-API's Libva 1.4.0 Brings VP8 Encoding Support
  7. Operating System U Fails To Live Up To Its Goals
  8. AMD Catalyst 14.9 Officially Released For Linux
  9. Nouveau Memory Re-Clocking Comes For More NVIDIA GPUs
  10. NVIDIA Suggests Explicit Synchronization For Nouveau
Latest Forum Discussions
  1. NVIDIA Alerts Nouveau: They're Starting To Sign/Validate GPU Firmware Images
  2. New AMD Catalyst drivers out today
  3. Updated and Optimized Ubuntu Free Graphics Drivers
  4. Take the Steam Survey results with a grain of salt. It is flawed.
  5. FSF Issues Statement On Shellshock Bash Vulnerability
  6. AMD Wants To Know What's Wrong With Catalyst
  7. New Group Calls For Boycotting Systemd
  8. Counter-Strike: Global Offensive NVIDIA/AMD Benchmarks On Linux