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Enterprise Linux Sales Boost Red Hat Profit

Red Hat attributes a 43 percent rise in revenue to growth rates in adoption of Red Hat Enterprise Linux.
Red Hat 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. READ MORE