Red Hat Rises on Rosy Q2 Results

// Last updated on //

Red Hat, a software distributor behind the Linux operating system, said Wednesday its fiscal second-quarter profit grew as companies opted for its products amid the economic downturn. For the quarter ended Aug. 31, the company earned $28.9 million, or 15 cents per share, up from net income of $21.1 million, or 10 cents per share, in the same period a year earlier. Revenue rose 12 percent to $183.6 million from $164.4 million. Its adjusted earnings were 20 cents per share in the latest quarter after adjusting for stock compensation and amortization expenses.

Visit Source

Facebook Comments
NEXT READ:  Bad News for PC Sector Cushioned by Glimmer of Hope

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.