No Recession at Red Hat

Posted by Scott_Ruecker on Mar 28, 2008 7:16 PM EDT
The New York Times; By Steve Lohr 		Mail this story
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Red Hat, the Linux software company, gave a nice welcome present Thursday to its new chief executive, James Whitehurst. The company, which distributes Linux and other open-source software, reported that its quarterly sales grew 27 percent and earnings slightly surpassed analysts’ consensus estimate. The company also presented an upbeat outlook for its just-started fiscal year, predicting growth of another 30 percent. In after-hours trading, Red Hat shares rose nearly 5 percent.

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