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ZDNet UK: Red Hat Below Expectations, but Optimistic

Mar 26, 2003, 19:00 (0 Talkback[s])
(Other stories by Stephen Shankland)

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"Red Hat said on Tuesday that it slipped into the red and below analyst expectations for its most recent quarter, but the Linux seller reported revenue growth and progress in selling its premium products for business customers.

"The company had a net loss of $56,000 (£35,600), breaking even on a per-share basis, on revenue of $25.9m for its fourth quarter of fiscal 2003, which ended 28 Feb.

"Analysts surveyed by First Call expected net income of 1 cent per share on $26.8m in revenue. The revenue was a 39 percent increase from the year-ago quarter's $18.6m..."

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