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Vendor checkup: Red Hat delivers

Red Hat just reported its fiscal third quarter earnings and there are apparently no worries--so far. The company reported adjusted earnings of 14 cents a share, two pennies above Wall Street estimates as compiled by Thomson Financial.

Red Hat just reported its fiscal third quarter earnings and there are apparently no worries--so far.

The company reported adjusted earnings of 14 cents a share, two pennies above Wall Street estimates as compiled by Thomson Financial. Revenue was also ahead of projections at $105.8 million. On first glance, it's interesting that subscription revenue was $88.9 million, up 48 percent year-over-year and 5 percent sequentially.

The growth from the second quarter to the third quarter is worth watching. Why? Oracle's Unbreakable Linux announcement came out during Red Hat's third quarter. Did growth in subscriptions decelerate later in the quarter after Oracle's announcement?

Overall, though it was a decent quarter for Red Hat. The conference call and outlook will tell the tale. As noted earlier today, there will be a lot of chatter about competition from Oracle, but little evidence that Red Hat is taking a hit.

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