Planet Lowyat

Red Hat is proving you can make money from Open Source and Linux.

Red Hat Inc. said Thursday its fourth-quarter profit rose 7 percent as the software distributor worked to expand the footprint of its open source products with costly internal investments.

New CEO James Whitehurst believes Red Hat is now ready to continue rapid growth through an economic downturn as the Raleigh-based company pitches its free software to organizations looking to cut their tech budgets.

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