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Red Hat Profit Rises on 42 Percent Revenue Hike

Jun 27, 2007, 21:30 (0 Talkback[s])
(Other stories by Robert Mullins)

"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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