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Linux distributor Red Hat reports 7 percent increase in profits
http://topnews.us/content/25781-linux-distributor-red-hat-reports-7-percent-increase-profits
Red Hat Beats as Frugal Firms Embrace Linux
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| "With overall IT spending down on a year-over-year basis, our largest
| customers continue to renew and spend more with Red Hat," said Jim
| Whitehurst, the Red Hat CEO, during a conference call late Wednesday.
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http://www.thestreet.com/story/10527424/1/red-hat-beats-as-frugal-firms-embrace-linux.html?cm_ven=GOOGLEFI
Red Hat profit rises, bucks tech industry trend
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| Software company Red Hat Inc (RHT.N) reported a modest jump in quarterly
| profit, bucking an industry trend of declining earnings, thanks to a reliable
| business model through which it books sales over multiple years.
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| [...]
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| The company, whose rivals include Novell Inc (NOVL.O) and Microsoft Corp
| (MSFT.O), sells upgrades, help-desk support and bug fixes for Linux software.
| It has weathered the recession better than computer makers and many software
| companies because Red Hat customers buy its service in subscriptions over the
| course of several years, giving it a predictable revenue stream.
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http://www.reuters.com/article/marketsNews/idINN2421958220090624?rpc=44
Recent:
Red Hat unit expects 100% revenue jump for fiscal 2010
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| The Mexican unit of US Linux operating systems integrator Red Hat (NYSE: RHT)
| expects revenues to increase 100% during its fiscal year 2010, which will end
| February 28, unit director Gerardo Flores told BNamericas without providing
| hard figures.
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http://www.bnamericas.com/news/technology/Red_Hat_unit_expects_100*_revenue_jump_for_fiscal_2010
Red Hat Gets Boost From Tighter IT Budgets
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| Linux distributor Red Hat is seeing increased demand for its products even as
| the recession forces many companies to slash their IT budgets, said Red Hat
| CEO James Whitehurst.
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http://www.cnbc.com/id/30348126
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