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Innovation

Red Hat tops estimates as sales surge

Red Hat Inc.nearly doubled its first quarter sales from a year ago and reported a smaller-than-expected loss.
Written by ZDNET Editors, Contributor on

Red Hat Inc. nearly doubled its first quarter sales from a year ago and reported a smaller-than-expected loss. After market close on Thursday, Linux bellwether Red Hat reported a first quarter operating loss of $2.5 million, or 2 cents a share. That loss figure adjusts for non-cash, merger, acquisition and other expenses. In the same quarter a year ago, Red Hat reported an operating loss of $3.8 million, or 8 cents a share. Tracking firm First Call Corp. predicted a loss of 4 cents a share in the quarter. Full story. -- Larry Dignan, ZDNet Inter@ctive Investor

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