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Reuters/CNET News: Red Hat Profit Tumbles 34 Percent

Sep 27, 2006, 13:30 (7 Talkback[s])

"Software maker Red Hat on Tuesday reported that quarterly profit tumbled 34 percent from a year earlier, on a sharp increase in operating expenses.

"Fiscal second-quarter net income at Red Hat fell to $11 million, or 5 cents a share, from $16.7 million, or 9 cents, a year earlier..."

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