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Red Hat posts smaller Q1 net loss

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CIOL Bureau
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RALEIGH: Red Hat Inc., a distributor of Linux computer operating system

software, on Tuesday posted a smaller first-quarter net loss as sales were

slightly above its forecast.

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Including charges, Red Hat posted a net loss of $4.3 million, or 3 cents per

share, compared with a net loss of $27.6 million, or 16 cents, a year earlier.

Excluding charges, the Raleigh, North Carolina-based supplier of Linux, which

can be used and modified freely unlike Microsoft Corp.'s Windows operating

system, posted an operating loss of $829,000, or nil per share, for the quarter

ended May 31. That compared with a loss of $154,000, or nil per share, a year

earlier.

Analysts polled by Thomson First Call expected breakeven on a per share-basis

in the quarter, excluding charges. Revenues were $19.5 million, just above

company and analysts' expectations of $19.2 million, but down from $21.4 million

a year earlier.

(C) Reuters Limited.

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