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[News] Red Hat's Linux Business Up ~30% Despite (Because?) Massive Recession

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Red Hat Q2 earnings beat Street

,----[ Quote ]
| Net income for the second quarter rose to $22 million, or 10 cents a share, 
| from $19.1 million, or 9 cents a share, in the year-ago quarter. Excluding 
| special items, earnings were 20 cents a share.  
`----

http://www.reuters.com/article/marketsNews/idUSBNG22117620080924

Red Hat Reports Second Quarter Results

http://www.marketwatch.com/news/story/red-hat-reports-second-quarter/story.aspx?guid=%7BBFF0DBC3-51CF-463B-9739-8884B62937AA%7D&dist=hppr
http://tinyurl.com/42ccgr

Some intriguing data behind Red Hat's 29 percent quarterly growth

,----[ Quote ]
| Red Hat continues to impress. Coming off an already strong Q1 and raised 
| guidance for its fiscal year 2009, today Red Hat announced 29 percent growth 
| over Q2 2008 and 5 percent growth over Q1, with total revenue hitting $164.4 
| million. Both revenue and profit came in above analyst expectations.   
| 
| This was the first time in years that Q2 billings exceeded Red Hat's Q1 
| billings. Not bad for a company that gives away free software. 
| 
| [....]
| 
| In sum, Red Hat is doing exceptionally well, and has finally turned JBoss 
| into a thriving asset rather than a Marley's ghost come back to haunt it for 
| clutching too eagerly at its past. Everyone in open source benefits when Red 
| Hat does well. Today, Red Hat demonstrated that it is doing very, very well.   
`----

http://news.cnet.com/8301-13505_3-10050186-16.html?part=rss&tag=feed&subj=TheOpenRoad

Red Hat Q2 profit rises - Quick facts 

http://www.rttnews.com/Content/QuickFacts.aspx?Node=B1&Id=720676%20&Category=Quick%20Facts

Red Hat profits beat Wall Street expectations

,----[ Quote ]
| The Linux software developer and solutions provider exceeded Wall Street 
| analysts expectations with a 20-cent per share profit, excluding one-time 
| costs and expenses. Analysts had forecast an 18-cent profit.  
`----

http://localtechwire.com/business/local_tech_wire/news/story/3604076/


Recent:

No Recession at Red Hat

,----[ Quote ]
| It is flattering to be mentioned, Mr. Whitehurst said, but he noted that 
| corporate customers and the industry benefit from what he called Red 
| Hat’s “Switzerland status” — not being a province of one of the major powers 
| in the technology industry.   
`----

http://bits.blogs.nytimes.com/2008/03/27/no-recession-at-red-hat/


Microsoft sees slide in profits

http://news.bbc.co.uk/1/hi/business/7366106.stm


Microsoft Profit Drops; Forecast May Miss Estimates

,----[ Quote ]
| The world's biggest software maker said sales of Windows for PCs sank 24
| percent and revenue from its online advertising unit came in at the low end
| of its projections. Microsoft's report contrasted with positive comments from
| chipmaker Intel Corp. and computer company International Business Machines
| Corp.
|
| [...]
|
| Microsoft declined $1.60 to $30.20 in extended trading after closing at
| $31.80 at 4 p.m. New York time on the Nasdaq Stock Market. The stock has
| fallen 11 percent this year.
`----

http://www.bloomberg.com/apps/news?pid=20601087&sid=aQ7_iN1SxJ.c&refer=worldwide
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