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Red Hat cracks Bloomberg Businessweek β€˜Top 50’ list

Jun 23, 2010, 14:04 (0 Talkback[s])

"Bloomberg Businessweek's "50 Top Performers" includes Red Hat.

"Red Hat (NYSE: RHT) ranked 22nd.

"The list is based "on our ranking of the 50 top-performing stocks in the Standard & Poor's 500-stock index over the past five years," the magazine said.

"Red Hat showed a 168.3 percent return as of March 31.

""Red Hat has thrived throughout the global recession, posting double-digit growth in revenue, profitability and employment for the past twenty four months," said Red Hat Chief Executive Officer Jim Whitehurst in a statement. "The opportunity for Red Hat continues to look promising as enterprises integrate technologies, including virtualization and cloud computing, to improve performance and functionality while holding down costs."

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