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Old 06-28-2009, 08:30 PM   #1
LXer
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LXer: Red Hat revenue surges 11% - Linux appeals to the thrifty


Published at LXer:

Software company Red Hat continued its recession-defying performance by posting an 11 percent increase in quarterly revenue that outpaced analysts' expectations. Profits for the fiscal first quarter that ended May 31 totaled $28.7 million after excluding certain expenses, up from $26 million a year earlier, the Raleigh company reported late Wednesday. Earnings per share totaled 15 cents, ahead of the 14 cents forecast by analysts.

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