Red Hat : financial results exceed expectations

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The open source editor published in December its results for the third quarter of its fiscal year. The results are superior to what was expected.

The turnover of Red Hat for the 3rd quarter of fiscal year amounted to 396.5 million dollars, which represents an increase of 15% compared to the same period of the previous year and exceeds predictions of analysts, who announced 383.2 million dollars, stated and The net profit was 52 million dollars (or $0.27 per share) compared to 35 million dollars (or $0.18 per share) for the same period of the previous year. Earnings per share, excluding exceptional items, were $0.42, compared to $0.29 in the previous year, while analysts predicted $0.35.

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