Red Hat (RHT) is getting mixed reviews from analysts ahead of its third-quarter earnings set to be released after the market close Thursday. The enterprise software company could be hampered by foreign exchange rates and billings growth issues in the near term, say analysts, though some expect Q3 to be in line or above consensus views. Red Hat is the No. 1 provider of Linux-based open-source operating software, which has grown as more companies
Red Hat (RHT) is getting mixed reviews from analysts ahead of its third-quarter earnings set to be released after the market close Thursday. The enterprise software company could be hampered by foreign exchange rates and billings growth issues in the near term, say analysts, though some expect Q3 to be in line or above consensus views. Red Hat is the No. 1 provider of Linux-based open-source operating software, which has grown as more companies
The question of whether Red Hat is still a high-growth company remains unanswered even after last month, when it posted fiscal Q2 revenue that rose 19% from the year-earlier quarter — its biggest rise in more than two years. Nevertheless, Red Hat’s (RHT) Q3 revenue guidance was lighter than expected, with the company citing foreign currency exchange issues. The No. 1 maker of software and services for the open-source Linux operating system is amid