Red Hat has posted an increase in sales for
its first quarter, with revenue up 42%.
The Linux software firm saw sales reach £62.5m for the three
months ending 31 May, with net profits rising from £7.2m in the
corresponding quarter last year to £8.5m this time round.
During the quarter, Red Hat launched
version 5 of its flagship Red Hat Enterprise Linux operating
system.
"We started the quarter in high gear with the release of Red Hat
Enterprise Linux 5, and followed with important launches for JBoss
and our middleware strategy", said Charlie Peters, CFO at Red
Hat.
“Our investments in sales, marketing and R&D during the
quarter set a solid foundation for the balance of the year," he
said.
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