Red Hat Reports Results, Shares Collapse
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Linux provider Red Hat's profit falls 10.5 pct on higher costs
Linux operating system distributor Red Hat Inc reported a 10.5 percent fall in quarterly profit on Wednesday, hurt by a rise in expenses.
The company’s profit fell to $86.85 million, or 46 cents per share, in the second quarter ended Aug. 31, from $97.09 million, or 53 cents per share, a year earlier.
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Linux provider Red Hat's current-quarter forecast
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