ZDNet UK: Red Hat Enterprise Business Grows

“The leading Linux vendor has met analysts’ expectations for its
financial year amid strong demand for its high-end products

“Red Hat reported on Tuesday first-quarter results that met
analysts’ expectations, due in part to strong growth in
subscriptions for its enterprise technologies.

“Revenue reached $27.2m (£16.6m) in the quarter ended 31
May, up 39 percent from year-ago figures. Red Hat, which sells
Linux products, reported net income of $1.5m, or 1 cent a share,
compared with a net loss of $4.6m, or 3 cents a share, a year
ago…”

Complete
Story