Someone needs to let the folks in Raleigh know we're in a down economy still. While much of the tech market lingers in the doldrums, Red Hat announced another strong earnings report for its fiscal third quarter 2010.
Here are some of the headline numbers:Revenue of $194 million, an 18 percent increase year-over-year. Subscription revenue topped $164 million, up 21 percent year-over-year (and 85 percent of the company's revenue). Deferred revenue climbed 23 percent year-over-year to hit $619 million. All 25 accounts up for renewal in the quarter renewed, and at 120 percent of value.
Small wonder, … Read more