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internetnews.com: Red Hat's Earnings Soar

Apr 01, 2005, 14:30 (0 Talkback[s])
(Other stories by Paul Shread)

"Red Hat's earnings more than doubled in the company's fiscal fourth quarter, and enterprise subscriptions nearly doubled too.

"Red Hat earned $11.8 million in the quarter, or six cents a share, up from $4.8 million, or three cents a share, in the year ago quarter. The company's earnings were in line with Wall Street's expectations, and revenues of $57.5 million beat $56 million estimates. Subscription revenues of $45.4 million were up 92% and topped $44.8 million forecasts..."

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