"Linux vendor Red Hat yesterday reported growth in
income and revenues on the back of renewal rates for its Linux
support subscriptions. Revenues for the company's third fiscal
quarter for 2009, which ended Nov. 30, hit $165.3 million, an
increase of 22 percent over its third-quarter fiscal 2008
performance a year ago.
"On the net income side of the books, Red Hat (NYSE: RHT)
reported income of $24.3 million, or 12 cents per share, which is
an improvement over the $20.3 million or 10 cent per share it
reported for the same period last year. Minus taxes and other
costs, profit totaled 24 cents per share, topping Wall Street
estimates of 17 cents per share, according to Reuters
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