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 Articles & Reviews
  1. Ubuntu 15.04 Is The Easy Path To Better Performance On Intel Broadwell
  2. NVIDIA's Latest Maxwell Line-Up Against AMD With Catalyst On Linux
  3. Preliminary Tests Of Intel Sandy Bridge & Ivy Bridge vs. Broadwell
  4. AMD FX-8320E Performance On Linux
  5. Linux Compiler Benchmarks Of LLVM Clang 3.5 vs. LLVM Clang 3.6-rc1
  6. Intel Broadwell HD Graphics 5500: Windows 8.1 vs. Linux
Latest Linux News
  1. LLVM Adds Options To Do Fuzz Testing
  2. Coreboot Now Supports Another Dual-Socket AMD Motherboard
  3. Atomic Mode-Setting/Display Support Progresses In Linux 3.20
  4. NVIDIA 340.76 Brings Three Stable Fixes
  5. Intel Broadwell-U P-State vs. ACPI CPUFreq Scaling Linux Performance
  6. DragonFlyBSD Is Almost To Linux 3.10 Era Intel Graphics Support
  7. New Beta Of Witcher 2 Aims For Greater Performance
  8. NVIDIA Tegra DRM Driver Supports Atomic Mode-Setting In Linux 3.20
  9. Linux "GHOST" Vulnerability Hits Glibc Systems
  10. Linux Game Publishing Remains Offline, Three Years After The CEO Shakeup
Most Viewed News This Week
  1. Windows 10 To Be A Free Upgrade: What Linux Users Need To Know
  2. LibreOffice 4.4 Is Coming Soon With New Features
  3. TraceFS: The Newest Linux File-System
  4. My Initial Intel Broadwell Linux Experience With The ThinkPad X1 Carbon
  5. Broadwell Linux Ultrabook Running MUCH Cooler Than Haswell
  6. LZHAM 1.0 Lossless Data Compression Codec Released
  7. Linux Users Upset By Chromium's Busted HiDPI Support
  8. Interstellar Marines On Linux With Catalyst: Bull S*#@