"Business continues to be good at open source vendor Red Hat despite the economic slowdown in the U.S. Part of the good times at Red Hat are the result of new product introductions that are helping to grow revenues and part comes from the actions of others, in particular Oracle.
"During Red Hat's first quarter fiscal 2009 conference call, Red Hat CEO Jim Whitehurst outlined his company's financial performance and credited the Oracle acquisition of BEA as being a driver for Red Hat's revenue growth.
"Red Hat's first quarter fiscal 2009 ended on May 31. Revenues at the Linux vendor for the first quarter of fiscal 2009 hit $156.6 million, which represents an increase of 32 percent over its first quarter fiscal 2008 performance..."
