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Red Hat profit slips, but revenue grows 18%

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MarketWatch; By John Letzing 		Mail this story
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Red Hat Inc. posted a lower quarterly profit on Wednesday, but the results surpassed most estimates as sales grew sharply and the software company moved aggressively to rein in costs. In after-hours trading, shares of Red Hat, a provider of open-source software used by businesses, rose more than 4% to $15.72 following the report.

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