Published at LXer:

Commercial Linux distributor Red Hat is reaching towards its goal of hitting $1bn in sales. In the fourth quarter of fiscal 2010, the company had double digit revenue growth and posted record billings for the services backing its Enterprise Linux and related products, and it finished off the year with overall sales up 14.7 per cent, to $748.2m, and net earnings up 10.8 per cent, to $87.3m. Not too shabby considering the global economy was melting down during the first half of Red Hat's fiscal year and is only now showing some signs of stability.

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