Red Hat profit rises on demand for Linux software
Red Hat Inc. reported a higher profit on Wednesday on an increase in sales of its version of Linux software, which businesses are increasingly choosing over rival products to run their computer systems.
Fiscal first-quarter net income rose to $16.2 million, or 8 cents a share, from $13.8 million, or 7 cents a share, a year earlier. Revenue rose to $118.9 million from $84.0 million during the quarter, which ended May 31.
