ORCL) and Microsoft ( MSFT) put together is tough to reconcile. But it's been this way for a while. Although several analysts didn't give the company much of a chance ahead of Red Hat's fiscal first-quarter earnings report, management continues to do an excellent job stating their valuation case pretty strongly. Interestingly, given the lackluster results posted by Oracle and IBM ( IBM), it's starting to look as there's a divergence within a sector that has often traded in tandem. While I'm inclined to believe that tough IT spending environment has had an impact on both Oracle and IBM, I can no longer ignore the possibility that Red Hat is beginning to steal share in areas like middleware. Valuation concerns aside, this is beginning to look interesting. Revenue growth has never been an issue at Red Hat; nor was it an issue this quarter, with sales climbing 15.4% year over year. The company also did well growing subscription revenue 16% year over year and 4% sequentially. Adjusted net income rose to 32 cents from 30 cents per share -- enough to beat estimates by 1 penny. CTXS) and Salesforce.com ( CRM).