Red Hat's profit fell by 33% in the third quarter, still exceeding expectations

Red Hat, an open-source software service provider (RHT), announced after the close of U.S. stocks that the profit for the third quarter totaled $16.4 million billion, during the same period last year, the quarterly profit of RedHat was $24.3 million, and the quarterly profit of RedHat fell by nearly 33% year on year. Although this performance has declined, it has also exceeded the expectations of analysts. After the financial report, as of 05:23 a.m. (a.m. on Wednesday, Beijing time), the shares rose by $1.03 to $30.90 in post-disk trading.

Red Hat, an open-source software service provider (RHT), announced after the close of U.S. stocks that the profit for the third quarter totaled $16.4 million billion, in the same period of the previous year, the quarterly profit of the Red Hat was $24.3 million, and the quarterly profit of the red hat fell by nearly 33%.

Although this performance has declined, it has also exceeded the expectations of analysts. After the financial report, as of 05:23 a.m. (a.m. on Wednesday, Beijing time), the shares rose by $1.03 to $30.90 in post-disk trading.