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Red Hat Focuses on Partnerships With Q1 Earnings Ahead

Jun 23, 2010, 10:34 (0 Talkback[s])
(Other stories by Sean Michael Kerner)

"The past year has been a good one for Linux vendor Red Hat, and as it looks forward to its fiscal 2011, the outlook remains strong. That's due at least in part to new customer wins and partnership initiatives the enterprise Linux player unveiled this week.

"Red Hat (NYSE:RHT) is set to report its first-quarter fiscal 2011 earnings today after market close. The earnings report comes during the Red Hat Summit, where the open source software vendor is hosting customers and partners to discuss their latest innovations.

"For Red Hat's first quarter fiscal 2011, Wall Street analysts project earnings of $0.18 per share, according to Thomson Reuters. Company executives' own earlier guidance during Red Hat's fourth-quarter fiscal 2010 analyst call provided revenue projections in the range of $202 million to $204 million."

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