News Update: Red Hat (NYSE: RHT) CEO Said Investing In IT Will Benefit Company

3/25/2010- Red Hat Inc. (NYSE:RHT) CEO Jim Whitehurst said in an interview with MarketWatch that the company will benefit from resuming investing in their IT networks as the economic recovery picks up.

The company reported a 15% increase in revenue and 1% improvement in its adjusted operating margin last year.

Whitehurst said, “We’re lucky enough to find ourselves at the crossroads of three major trends: open source, cloud computing and virtualization.”