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CNET News: Red Hat Beats Estimates, Raises Guidance

Sep 29, 2005, 16:00 (0 Talkback[s])
(Other stories by Stephen Shankland)

"Linux seller Red Hat reported on Wednesday that it had outpaced analysts' revenue and profit expectations for its most recent quarter, suggesting they raise future financial projections and boasting of gains against competitors.

"The company's revenue increased 42 percent to $65.7 million for its fiscal second quarter of 2006, which ended Aug. 31. Net income increased 35 percent to $16.7 million, or 9 cents per share..."

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