September 19, 2018 / 8:28 PM / a month ago

Linux provider Red Hat's profit falls 10.5 pct on higher costs

Sept 19 (Reuters) - Linux operating system distributor Red Hat Inc reported a 10.5 percent fall in quarterly profit on Wednesday, hurt by a rise in expenses.

The company’s profit fell to $86.85 million, or 46 cents per share, in the second quarter ended Aug. 31, from $97.09 million, or 53 cents per share, a year earlier.

Total operating expenses rose 18 percent to $569.26 million. (Reporting by Vibhuti Sharma in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below