Red Hat (RHT) investors might be worried about a growth rate lower than reported in previous quarters. Don’t worry… yet. The apples-to-apples trailing-12-month growth rate was about 35% in March 2007 so 28% for the most recent quarter does not seem like anything to be worried about, given the current perceived IT spending slowdown and the natural gravity effect all high flyers experience. The September 2007 trailing 12-month will probably come in around 30% even after we backcast for independent Metamatrix results in 2006.
Link: seekingalpha.com
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