Red Hat

Better-than-Expected Third-Quarter Figure Reported by Red Hat

One of the world's top ranked makers of business software, Red Hat Inc., on the back of an improved economic situation and revived corporate spending, posted much better than expected earnings for the current fiscal year's third quarter. Post the announcement of the figures, shares of the company surged by as much as 7% in after-hours trading.

Red Hat profit up 37%; shares soar

Red Hat profit up 37%; shares soar

Red Hat, commercial Linux distributor, has shunned the economic meltdown once again by reporting an increase of 37 per cent in profit for the second quarter of running year.

For the second quarter ended August 31, Red Hat posted net profit of $28.9 million, or 15 cents a share, up from $21.1 million, or 10 cents a share in the same period of 2008.

Linux distributor Red Hat reports 7 percent increase in profits

Linux distributor Red Hat reports 7 percent increase in profits

Raleigh-based commercial Linux distributor, Red Hat Inc. reported a 7 percent increase in its fiscal first-quarter profit, kicking an industry trend of declining earnings.