Industry News
Red Hat growth defies economic downturn
Released on: 24 Mar 10
Released on: 24 Mar 10
Punchy open source vendor Red Hat has edged closer to its goal of becoming a $1bn (£671m) a year business after finishing off its fiscal 2009 with a double digit growth spurt.
The firm has posted an 18% rise in sales to $196m (£131m) for its fiscal Q4 ended 28 February with profits up nearly 43% to $24.6m (£16.5m). For the year, revenue grew 15% to $782m and profits climbed 10% to $87.2m.
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