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Red Hat Profit Rises on 42 Percent Revenue Hike

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“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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