Red Hat soars with fat profits, design wins

“Enterprise Linux vendor Red Hat announced fourth-quarter
financial results showing a 15 percent increase in revenues
year-over-year. In other Red Hat news, the company announced new
JBOSS and SOA tools, tipped a collaboration with IBM on cloud
technology, and revealed customer wins with the Symbian Foundation
and the Tokyo Stock Exchange.

“Red Hat has had a busy March as the company prepares to ship
the final version of Red Hat Linux Enterprise (RHEL) 5.5, which
entered beta in early February. RHEL 5.5 provides memory allocation
enhancements to the KVM (Kernel-based Virtual Machine) hypervisor,
introduces new storage and WiFi drivers, and supports new AMD, IBM,
and Intel processors.

“Red Hat’s exceptionally strong fourth quarter and 2010
year-ending financial report released earlier this week shows that
the company is apparently defying the recession with its strategy
of building a far-ranging services, middleware, and cloud business
on top of its server-oriented open source Linux distribution. In
its fiscal 2010 fourth quarter Red Hat earned $195.9 million in
revenue, an increase of 18 percent from 4Q 2009, and the company
saw a 46 percent increase in 4Q profits, says Red Hat.”

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