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To: N3WBI3

And Red Hat has hit a wall according to their recent quarterly results, gross revenue was only up 7% since the last quarter. Not bad but nothing like they were used to.


3 posted on 09/27/2007 9:37:38 AM PDT by Golden Eagle
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To: Golden Eagle

Im not quite sure where you are getting your numbers some highlights include:

http://www.thestreet.com/s/profit-climbs-at-red-hat/newsanalysis/techsoftware/10381371.html?

Red Hat (RHT - Cramer’s Take - Stockpickr - Rating) posted second-quarter earnings in line with Wall Street expectations as profit grew 59%.

The Raleigh, N.C., maker of Linux open-source software reported revenue of $127.3 million, nearly 28% over the prior year’s quarter of $99.7 million.

Earnings per share grew to 9 cents on net income of $19.1 million, from 5 cents, or $12 million, in the prior year’s period.

operating cash flow, excluding items, was up 43% year on year and 22% sequentially, to $63.7 million, while deferred revenue rose 33% to $377 million.

Red Hat has scored at least one seven-figure JBoss deal in each quarter, he added.

Still all this aside Novell increasing their footprint is a good thing for customers, good news all around..


4 posted on 09/27/2007 9:55:38 AM PDT by N3WBI3 (Light travels faster than sound. This is why some people appear bright until you hear them speak....)
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