Red Hat Profit Rises on 42 Percent Revenue Hike | Linux Today
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Red Hat Profit Rises on 42 Percent Revenue Hike

Written By
Web Webster
Web Webster
Jun 27, 2007

“The introduction of a new version of its Linux distribution and
new JBoss software helped Red Hat Inc. increase profit to US$16.2
million, or $0.08 a share, on revenue of $118.9 million, in its
fiscal first quarter ended May 31, the company reported
Wednesday.

“The report compares favorably to the year-ago quarter, in which
Red Hat earned a profit of $13.75 million, or $0.07 a diluted share
on revenue of $84 million…”

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Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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