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The Motley Fool: The Glowing Red Hat

Dec 23, 2005, 17:30 (12 Talkback[s])
(Other stories by Nathan Parmelee)

"I'm dead set against evaluating a company solely on its income statement, which is why I find it annoying when companies issue earnings releases without a balance sheet or cash flow statement. However, it's hard to look at the income statement performance of Red Hat and not come away impressed.

"For its third quarter, total sales increased 43.6% to $73.1 million, and, because software companies scale well once they get enough sales flowing through the business, net income rose an even larger 114%, and diluted earnings per share doubled to $0.12..."

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