Canonical Is Still Operating At A Significant Loss
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.
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