Red Hat profit forecast matches estimates despite strong dollar

(Reuters) - Red Hat Inc , the world's largest commercial distributor of the Linux operating system, forecast a profit for the first quarter that matched analysts' estimates despite warning on a strong dollar hurting its revenue. Red Hat shares were up 5 percent in after-market trading on Wednesday after the company's profit beat the average analyst estimate for the eighth straight quarter. The company also said a $500 million share buyback program will replace an existing $300 million program. ...



via Tech News Headlines - Yahoo News http://ift.tt/1BMEqOJ