Red Hat's fourth-quarter sales dropped

view full story

http://www.linuxandlife.com – Despite the growth of Linux adoption in enterprise and business use, Red Hat, the large company that sells Linux operating-system software fell after reporting fiscal fourth-quarter sales that missed estimates as some customers stopped purchasing, due to the current global economic situation. Profit excluding some items was 36 cents a share on sales of $347.9 million, the Raleigh, North Carolina-based company said yesterday in a statement. That compares with analysts’ average prediction of earnings of 30 cents on revenue of $349.3 million, according to data compiled by Bloomberg. Sales an (Distributions)