Red Hat 3Q Profit Up 12 Percent
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The open-source software provider said that its third quarter profit rose as a surge in subscriptions helped offset increased spending on marketing and research.
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Bank of New York Mellon Corp  said on Thursday third-quarter profit rose 11 percent, helped by growth in fees from asset management and providing back-office services to institutional clients.
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com December 22, 2004, 2:57 PM PT. Linux seller Red Hat reported on Wednesday that its third-quarter net income jumped 155 percent year-over-year to $10.8 million, as its software business matured.
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Third-quarter net income rose 7.4 percent to $960 million, helped by strong demand in international markets. The company also raised its full-year profit outlook.
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Indiaâs third-largest software company said that its net income for the October-December quarter rose 11 percent from a year ago due to strong outsourcing orders.
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Home builder Lennar Corp. reported a 12 percent rise in quarterly profit Monday, and a stable economy led it to raise its profit forecasts for the current and following year.
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Third-quarter profit rose 11 percent to $640 million, helped by growth in fees from asset management and providing back-office services to institutional clients.
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Motorcycle manufacturer Harley-Davidson Inc. said Wednesday that third-quarter earnings rose on higher sales to beat Wall Street expectations.
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Symantec Corp. SYMC.O, the  biggest global security software maker, on Wednesday posted a  48 percent rise in third-quarter profit, driven by strong sales  that were aided by a weak dollar.
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Carnival Corp & Plc   posted a better-than-expected 12 percent rise in quarterly profit on Thursday on stronger pricing and the introduction of new ships during the busy summer cruising season.
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The large maker of business software applications said its third-quarter profit rose 10 percent on an increase in license sales.
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Healthy sales of software and technology services helped fourth-quarter profit rise 12 percent at International Business Machines Corp., which had already disclosed that the results would be way ahead of analysts' forecasts.
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The personal computer maker said its net income increased to $733 million, benefiting from lower costs for disk drives, microprocessors and other components.
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Red Hat Enterprise Linux 5 helped both revenue and profit, the company said.
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Low-fare carrier Southwest Airlines Co. said Thursday that its third-quarter profit rose 12.3 percent to beat Wall Street expectations despite higher fuel costs.
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Third-quarter profit rose 5 percent, helped by sales growth in its U.S. retail market and Canada, the company said.
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The introduction of a new version of its Linux distribution and new JBoss software helped Red Hat Inc. increase profit to US$16.2 million, or $0.08 a share, on revenue of $118.9 million, in its fiscal first quarter ended May 31, the company reported Wednesday.