Red Hat continues to increase sales and profits
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The Linux distributor Red Hat has increased in the first quarter of FY 2012 revenue by 27% over the previous year and this year will exceed the revenue limit of one billion U.S. dollars.
Sales of Red Hat stood at 264.7 million U.S. dollars, an increase of 27% over the same period a year ago. Made off subscriptions from 225.5 million, an increase of 26%. A similar increase had been Red Hat in the previous quarter reported. Jim Whitehurst, CEO and president of Red Hat, thinks the reason is mainly a change in the IT spending by companies toward virtualization and cloud computing. In these areas, Red Hat is very well placed.
Net income for the quarter amounted to 32.5 million versus $ 24.1 million USD a year ago. In the quarter were the presentation of new cloud services and the release of Red Hat Enterprise Linux 6.1 and JBoss Enterprise Data Grid 6 . The short-term available assets of the company rose to 1.27 billion.