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Posted Jun 25, 2009
Red Hat profit rises, bucks tech industry trend
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From the Up on the Down Side dept.:
Software company Red Hat Inc reported a 7 percent rise in quarterly profit onWednesday, bucking an industry trend of declining earnings, as margins widened under the scrutiny of its cost-conscious CEO.
Operating margin rose to 23.4 percent from 21.8 percent a year earlier, after excluding stock compensation and amortization expenses. That was better than the 23 percent the company projected three months ago.
reuters.com
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Re: Red Hat profit rises, bucks tech industry trend
(Score: 1)
by archer2009 on Jun 26, 2009 - 10:58 AM
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Thanks for the post!
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Re: Red Hat profit rises, bucks tech industry trend
(Score: 1)
by Mira921 on Jun 27, 2009 - 08:30 PM
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Thanks for the information
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Re: Red Hat profit rises, bucks tech industry trend
(Score: 1)
by PeterLinks on Jun 28, 2009 - 10:24 AM
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At least someone makes profits in this economy.
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Re: Red Hat profit rises, bucks tech industry trend
(Score: 1)
by ShaunSmith on Jun 29, 2009 - 07:12 PM
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That's the benefit of running a subscription based software company!
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Re: Red Hat profit rises, bucks tech industry trend
(Score: 1)
by lyndas9254 on Jul 07, 2009 - 03:46 PM
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I agree, thanks for sharing the great information.
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