Red Hat profitable

Red Hat announced today that they are once again profitable on the backs of their users who they have successfully screwed over by forcing them to pay $99 for the ability to know their systems need to be upgraded, and actually patch them. "Revenue reached $27.2 million in the quarter ended May 31, up 39 percent from year-ago figures. Red Hat, which sells Linux products, reported net income of $1.5 million, or 1 cent a share, compared with a net loss of $4.6 million, or 3 cents a share, a year ago. Analysts surveyed by First Call expected the Raleigh, N.C.-based company to report net income of 1 cent per share and to generate revenue of $27.3 million. "Red Hat began the year with a continuation of our progress we've made over the past year," company CEO Matthew Szulik said in a conference call with analysts."