Thursday, September 28, 2006

Red Hat plummets on 2Q billing shortfall - Boston.com

Curious contrast, e.g., to Oracle's recent earnings

Shares of Red Hat Inc., the largest distributor of the open source Linux operating system, plummeted Wednesday, as disappointing second-quarter results, including a slowdown in billings, triggered analyst and investor alarm.

[...]

Red Hat told analysts in a conference call that billings, or revenue plus change in deferred revenue, grew 23 percent year-over-year; last year, management said billings grew 58 percent year-over-year.

Source: Red Hat plummets on 2Q billing shortfall - Boston.com

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