Red Hat Profit Rises
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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.
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Hewlett-Packard Co. says its fiscal first-quarter profit exceeded analysts expectations, climbing 38 percent on strong computer sales, and it sees a brightening future.
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Research company Thomson Corp. said Tuesday that third-quarter profit rose 12 percent on higher revenue helped by core products, recent acquisitions and exchange rates.
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Plus: Adobe strong despite drop...Linux demand lifts Red Hat profit...Strong sales of phones, other gadgets boost PalmOne profit.
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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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Microsoft Corp. MSFT.Oon Thursday  said its quarterly profit climbed as revenue rose 12 percent,  driven by demand for the company's core software products from  businesses and higher sales of personal computers and servers.
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Revenue up 28%, net income up 64% Red Hat posted today a sharp rise in earnings during its fiscal second quarter, spurred by (you guessed it) an increase in Linux sales.â¦
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Molson Coors Brewing Co.   said on Thursday that quarterly net income rose, helped by higher pricing and volume growth.
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Automatic Data Processing Inc., a provider of payroll and financial processing services, on Monday posted a 7 percent rise in first-quarter profit, helped by strong national account sales and heightened demand for its employer services.
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Cisco Systems Inc. said on Tuesday its quarterly net profit rose as customers bought more network equipment in response to growing Internet traffic.
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InfoWorld - Amid uncertainty about the greater economy, technology companies are looking good to investors.&#160;Strong earnings from Red Hat this week&#160;and Oracle last week, continued excitement over mergers and acquisitions, and solid forecasts for global component sales have been pushing shares of tech vendors up.
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EMC Corp , the No. 1 maker of  corporate data storage equipment, reported higher quarterly  profit on Thursday on an increase in sales of both hardware and  software.
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InfoWorld - The introduction of a new version of its Linux distribution and new JBoss software helped Red Hat increase profit to $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.
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Red Hat (NOVL:Nasdaq - news - research) got its second upgrade in two week Tuesday, and promptly leaped northward. In recent trading, shares of the Linux Vendor were up $1.42, or 10.6%, to $14.84 in heavy volume.
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BellSouth Corp.  on Monday said  second-quarter profit rose, boosted by growth in wireless and  high-speed Internet services.
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Printer maker Lexmark International  said on Tuesday its net profit rose, although revenue fell.
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Third-quarter profit jumped 77 percent, driven by growing sales of data storage software and hardware as well as a hefty gain from the sale of an ownership stake in VMware.