On Monday, Red Hat reported that while its revenues were up, its quarterly profit was short of analyst estimates as its cost of doing business rose. Buried within the report were several nuggets of promise for the first-ever billion dollar a year open source company, though. The company’s subscription support business rose 17 percent, and Red Hat has a beta version of an updated 5.9 release of Red Hat Enterprise Linux (RHEL). The new release will greatly expand RHEL’s support for newer hardware, among other enhancements.
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