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Red Hat soars with fat profits, design wins

Mar 29, 2010, 13:34 (0 Talkback[s])
(Other stories by Eric Brown)

"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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