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

Jun 29, 2006, 15:15 (2 Talkback[s])

"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..."

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