Red Hat Grows by Taking Windows, UNIX Share
Dec 23, 2009, 20:32 (0 Talkback[s])
(Other stories by Sean Michael Kerner)
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"Once again, Linux vendor Red Hat has beat expectations and
defied the gravity of a down economy.
"Red Hat (NYSE: RHT) reported its third-quarter fiscal 2010
earning late Tuesday for the quarter ending Nov. 30 with
"Executives attributed the continued growth of Red Hat to a
number of factors, including competitive wins and migrations
against both Windows and UNIX.
"Red Hat beat analyst estimates and its own earlier guidance for
the quarter, reporting revenue of $194 million, which is an 18
percent year-over-year increase, and before-charges earnings
amounting to $0.17 per share -- a penny short of non-GAAP earnings
a year ago."