Red Hat posts great 2008 fiscal year earnings (Linux-Watch)

March 28, 2008 (Friday) | Red Hat

Linux-Watch takes a look at Red Hat's 2008 fiscal year. "Anyone under the delusion that you can't make money from open source and Linux should have been on Red Hat's 2008 fiscal year earnings call on March 27. If they had been, they would have heard Red Hat executives report that the Linux giant posted net income of $76.7 million, or $0.36 per diluted share, for the year, compared with $59.9 million, or $.29 per diluted share, in the prior year."