Raleigh News & Observer: It’s Good News and Bad on Red Hat Earnings

“Red Hat announced quarterly financial results in line with Wall
Street analysts’ expectations Tuesday evening, although the Linux
company continues to await proof of its progress making the
alternative operating system more palatable for corporate
customers.

“Sales for the quarter that ended Aug. 31 came in at $21.2
million, up 12 percent from the same quarter last year. The
Raleigh-based company reported a net loss of $1.7 million, or one
cent per share, compared with a loss of about $55 million, or 31
cents per share, last year.

“Despite slow overall sales growth, the quarter’s numbers show
that sales of the higher-priced Red Hat Advanced Server, the
company’s latest software package, are doing well, said Katherine
Egbert, an analyst with CE Unterberg Towbin in San
Francisco…”

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