Red Hat Profit Rises on Sales of New Linux Products
|
|
Red Hat Inc., the world's biggest seller of Linux operating-system programs, said profit rose 64 percent after sales of new products topped analysts' estimates. The shares rose 5.1 percent in extended trading. Net income climbed to $18.2 million, or 9 cents a share, from $11 million, or 5 cents, a year earlier, Raleigh, North Carolina-based Red Hat said today in a statement. Sales rose 28 percent to $127.3 million for the quarter ended Aug. 31, beating analysts' estimates in a Bloomberg survey. The company also gave an earnings forecast that matched estimates.
|
|
Full Story |
This topic does not have any threads posted yet!
You cannot post until you login.
