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RedHat turns a profit


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I don't like what they have been doing lately, but I guess they know what they are doing.

 

"The Raleigh, N.C.-based company had net income of $4.1 million, or 2 cents per share, for the third quarter of fiscal 2004, which ended Nov. 30. That compared with $214,000 for the year-earlier quarter and matched an average of analyst estimates compiled by First Call.

 

Red Hat's revenue grew 36 percent to $33.1 million, surpassing the estimates by Merrill Lynch's Jason Maynard, who expected $31.4 million, and W.R. Hambrecht's Sameer Nadkarni, who expected $31.8 million. "

 

http://www.firingsquad.com/news/newsarticl...p?searchid=5855

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