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Red Hat Grows in a Challenging Economy

Mar 26, 2009, 16:02 (0 Talkback[s])
(Other stories by Sean Michael Kerner)

[ Thanks to smk for this link. ]

"The key to success, according to Red Hat executives, is that the company's software subscription model isn't being hit strongly by the slowdown in server hardware sales.

"For its fourth quarter ending Feb. 28, Red Hat reported revenues of $166.2 million, which is an 18 percent increase over its fourth quarter 2008 tally. For the full year, Red Hat reported a 25 percent gain over fiscal 2008, with total revenue of $652.6 million.

"Earnings before charges totaled 22 cents per share, beating Wall Street forecast of 20 cents, according to Reuters Estimates."

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