[ Thanks to James
Maguire for this link. ]
“The past twelve months have been good for Linux vendor
Red Hat (NYSE:RHT) as the company grew revenues and income while
expanding its product offerings in the cloud and virtualization
space. But how did Red Hat grow while others staggered?“During Red Hat’s fiscal 2010 earnings call on Wednesday, Red
Hat’s CEO and CFO detailed the steps their company took to
leverage open source software to make millions.“For the fiscal year ended Feb. 28, Red Hat reported revenues of
$748 million, a 15 percent year-over-year increase from Red Hat’s
total revenue in 2009. Net income totaled $87.3 million or $0.45
per share, improvement of 11 percent over Red Hat’s earnings for
2009.”