the latest financial results from Red Hat, Inc.
"Red Hat's Enterprise Linux 5 software, released in March, sold faster than expected last quarter, increasing cash flow. The Raleigh, North Carolina-based company also persuaded existing customers to use Red Hat software on more of their computers.
``Cash flow from operations was very solid compared to last quarter, and the revenue beat expectations,'' said Denny Fish, an analyst at JMP Securities in San Francisco. He has a ``market perform'' rating on the stock.
Cash flow from operations rose 43 percent to $63.7 million last quarter from a year earlier. In the previous quarter, it declined 4 percent.
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