Red Hat Third-Quarter Earnings Call
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Management said that technology buyers are narrowing their lists of approved vendors, which magnifies the success of category leaders. For the fourth quarter, Red Hat expects to earn 11 to 12 cents a share, 15% above estimates and double the year-ago earnings. According to International Data Corp., dollar sales of servers shipped with Linux installed grew 34.3% in the quarter, with unit shipments up 20.5%. Sales and earnings are expected to grow at double-digit rates for several more quarters.
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