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Red Hat, Inc. Message Board

  • toncuz68 toncuz68 Jun 20, 2012 10:38 PM Flag

    RHT billings and sales outlook DOWN

    Red Hat Stock Falls 10% After Billings Miss

    By PETE BARLAS, INVESTOR'S BUSINESS DAILY
    Posted 06:44 PM ET

    Red Hat's (RHT) growth engine is showing signs of sputtering.

    Shares of the provider of software and services used in cloud computing were down 10% after hours Wednesday, after the company reported first-quarter billings growth that missed analyst expectations, as did its sales outlook for the current quarter.

 
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