Red Hat Has a Great Quarter; CEO Leaves
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Red Hat announced outstanding financial results for its third fiscal quarter, which ended Nov. 30. How outstanding? The Linux company's revenue for the quarter jumped to $135.4 million. That is an increase of 28 percent from the equivalent 2006 quarter and 6 percent from the second quarter of this year. Drilling down, Red Hat Enterprise Linux subscriptions represented the bulk of Red Hat's income. The company's total RHEL income was $115.7 million. That brings RHEL's income up 30 percent year-over-year and 6 percent sequentially.
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