Wall Street tips fedora to Red Hat: Sales up, profit flat, everybody dance

Red Hat's shares are on the up after the Linux distro maker beat Wall Street's expectations in its fourth financial quarter, ended February 28. The North Carolina biz reported revenues up 16 per cent during the three-month period, compared to the same period the year before, and up 17 per cent for the whole year, even …

[T. F. M. Reader]

"Profit growth was flat, however"

What does that mean, exactly? That the profit grew by 1.1% again, like last year? This would not warrant the "however" part, would it?

Did you intend to write "profit remained flat year on year"? That would be "profit growth was zero" (or, rather, 1.1% = $180M/$178M).

Coat, please, and that hat that looks like it belongs to a pedant. Yes, the red one, thank you.