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Posted Jun 25, 2009

Red Hat profit rises, bucks tech industry trend

      

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

Re: Red Hat profit rises, bucks tech industry trend (Score: 1)
by archer2009 on Jun 26, 2009 - 10:58 AM
Thanks for the post!


Re: Red Hat profit rises, bucks tech industry trend (Score: 1)
by Mira921 on Jun 27, 2009 - 08:30 PM
Thanks for the information


Re: Red Hat profit rises, bucks tech industry trend (Score: 1)
by PeterLinks on Jun 28, 2009 - 10:24 AM
At least someone makes profits in this economy.


Re: Red Hat profit rises, bucks tech industry trend (Score: 1)
by ShaunSmith on Jun 29, 2009 - 07:12 PM
That's the benefit of running a subscription based software company!


Re: Red Hat profit rises, bucks tech industry trend (Score: 1)
by lyndas9254 on Jul 07, 2009 - 03:46 PM
I agree, thanks for sharing the great information.




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