June 27, 2007

UPDATE 1-Red Hat profit rises on demand for Linux software

BOSTON, June 27 (Reuters) - Red Hat Inc. (RHT.N: Quote, Profile , Research) reported higher profit on Wednesday on higher sales of its version of Linux software that companies are increasingly choosing over rival products to run business computers and data centers.

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 in the quarter ended May 31.

Link: Reuters

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