Red Hat announces fourth quarter and fiscal year 2010 earnings

American Linux distributor Red Hat has announced its earnings for the fourth quarter and for the full fiscal year ending on the 28th of February 2010. Jim Whitehurst, President and Chief Executive Officer of Red Hat, said that, “With double digit revenue growth and record billings, our fourth quarter capped off a year of solid performance, moving us closer to our milestone revenue goal of a billion dollars”.

The company reported a total revenue of $195.9 million for the fourth quarter 2010 fiscal year – an increase of 18% compared to the same quarter just one year ago.

Read more at H-online

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