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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 higher-than-expected revenues.

"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."

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