Red Hat continues to make big bucks (Linux-Watch)

Linux-Watch reports on the latest financial news from Red Hat, Inc. "The first quarter of Red Hat Inc.'s 2007 fiscal year was a great one. But, because it fell short of analysts' expectations, the company's stock fell in after-hours trading. The total revenue for the quarter, which was reported on June 28, was $84.0 million, an increase of 38 percent from the year ago quarter and 7 percent from the prior quarter. Subscription revenue from RHEL (Red Hat Enterprise Linux) was $71.5 million, up 45 percent year-over-year and 7 percent sequentially."

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