Reuters/CNET News: Red Hat Earnings Rise on Business Sales

"Red Hat, a distributor of open-source Linux software, reported an 11 percent increase in first-quarter net income on Wednesday, boosted by subscriptions from corporate customers.

"Red Hat's net income rose to $13.8 million, or 7 cents per share, in the first quarter, ended May 31, from $12.4 million, or 7 cents per share, a year earlier. Revenue rose to $84.0 million from $60.8 million, a year ago..."

Complete Story

Related Stories:

• Forbes: Partners Upbeat But Not Ecstatic About Red Hat(Jun 20, 2006)
• Taking Stock of Red Hat and Novell(Jun 02, 2006)
• BusinessWeek: Open the Door for Open Source Deals(May 26, 2006)
• TMCnet: Red Hat Reports Fiscal Fourth Quarter and Fiscal Year 2006 Results (Mar 28, 2006)