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Stock Market & Financial Investment News

News Breaks
December 20, 2012
16:09 EDTRHTRed Hat acquisition of ManageIQ to have no material impact on revenue
The acquisition is expected to have no material impact to Red Hat's revenue for its fiscal year ending Feb. 28, 2013. Management expects that operating expenses (excluding the impact of stock-based compensation and the amortization of acquisition-related intangible assets) will increase by approximately $2M per quarter as a result of the transaction, and stock-based compensation and amortization expense will increase by approximately $2M per quarter.
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