Linux Turns Profitable For Red Hat

Linux provider Red Hat Inc. showed a profit for the first time in its eight-year history as the company last week reported a profit of $305,000 on revenue of $24.3 million for its third fiscal quarter, ended Nov. 30. Revenue increased in both software subscriptions ($13.2 million) and services ($11.1 million). Red Hat sold more than 12,000 subscriptions of Advanced Server during the quarter, a 50% increase compared with the previous quarter.

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