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AP/The Mercury News: Linux Software Sales Boost Red Hat Profit

Mar 24, 2004, 16:00 (2 Talkback[s])

[ Thanks to Jason Greenwood for this link. ]

"Red Hat Inc. said Tuesday it swung to a profit in its latest quarter as greater subscriptions to the company's Linux software helped revenue rise 43 percent.

"Red Hat said it posted fiscal fourth-quarter net income of $5 million, or 3 cents a share, for the period ended Feb. 29.

"That compares with the prior year's fourth-quarter loss of $273,000, which was break-even on a per-share basis..."

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