Linux distributor Red Hat, Enterprise Linux and JBoss middleware as main products, delivered on Friday night figures for the financial year last quarter, up to 28 February.
Compared with the same quarter a year ago, increased sales 18 percent to 196 million U.S. dollars. Subscription bulk of this is 169 million, an increase of 21 percent.
Operating income increased 38 percent to 28 million, while net profit after tax increased by 46 percent to 23.4 million U.S. dollars.
Revenues in the fiscal year 2009-2010 was 748 million U.S. dollars, an increase of 15 percent. Subscription Turnover was 639 million U.S. dollars, up 18 percent. Operating income increased 22 percent to 100 million, while net profit increased by 11 percent to 87.3 million U.S. dollars.
Red Hat CEO Jim Whitehurst, Hurst says that the general economic conditions made the year very challenging, but that they succeeded in reducing costs in areas such as travel, while they invested in systems, equipment, and training, and increased staff by 350, particularly in sales and development.
White Hurst believes Red Hat has positioned itself correctly in relation to the prevailing trends in IT, with solutions for this cloud, virtualization, and middleware that provides customers with a lot again.
