Red Hat continues bull run in Q4

I believe that much of Red Hat’s success comes from the huge brand recognition they have achieved over the years. Or perhaps instead, they just have a really firm grip on the Linux market through other areas?

Red Hat claimed to beat out an already healthy Linux market as it reported fourth-quarter sales figures that saw net income more than double.

The Linux distributor reported a 130 per cent increase in net income to $27.3m on revenue that grew 37 per cent to hit $78.7m during it fourth quarter. Red Hat was also happy to report earnings per diluted share up seven cents to $0.13.

Wall St analysts had forecast $78.4m revenue and EPS of $0.12.

For the company’s full fiscal year 2006, Red Hat’s net income grew 75.4 per cent to $79.6m on total revenue of $278.3m, an increase of 41.6 per cent over the previous year. EPS hit $0.41 compared to $0.21. Source: The Register

[tags]revenue,red hat,wall street,analysts,sales figures,linux market[/tags]