Red Hat Q2 earnings increased by more than three times, and sales increased by 60%.

[Saidi news] In September 21, Hong Kong and Taiwan media news said, the world's largest Linux operating system agent Red Hat company (US; RHAT) said that the company's second quarter profit growth more than three times, sales growth of 60%.

Red Hat's profit for the second quarter ended August rose to $11.8 million, or 6 cents per share, 5 cents higher than T homsonFinancial's estimated earnings per share for 19 analyst surveys, compared to $3.64 million in the same period last year, or a 2 cent earnings per share.

Sales for the same period climbed to $29 million from $46.3 million in the same period last year, down from the estimated $47.5 million by market analysts. Red Hat CEO said that some contracts ended later than expected.

Jefferies & Co. Analyst K atw.egbert said the financial report data looks pretty good, especially profit, and the number of new enterprise subscribers. He listed the investment rating as "BUY" (BUY) and did not hold the stock.

Charles Peters, chief financial officer of Red Hat, said at a conference call that sales this season will also be lower than expected, between $50 million-$52 million, less than Thomson's estimated $54.1 million for analyst surveys.

After the financial report, Red Hat's share price fell 27 cents to $14.83. The shares fell 13 cents in normal U.S. trading time, at $15.10.

From: SCID