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Red Hat pulls out a profit (News.com)
News.com
covers the latest
financial report from Red Hat.
"Linux seller Red Hat reported on Wednesday that its third-quarter net income jumped 155 percent year-over-year to $10.8 million as its software business matured.
That income meant the company earned 6 cents per share for the fiscal third quarter ended Nov. 30, matching the average expectations of analysts surveyed by Thomson First Call.
Red Hat also announced quarterly revenue of $50.9 million, an increase of 55 percent over the same period last year, but less than the $51.8 million analysts expected."
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Commentary at the Fool puts is best Posted Dec 23, 2004 20:01 UTC (Thu) by JohnBell (guest, #12625) [Link] http://www.fool.com/News/mft/2004/mft04122315.htm?source=...
RHAT is being punished on the floor for no good reason. Looks like a chance to buy cheap to me...
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