Research In Motion, also reporting Thursday, to $4.2 billion, and it suffered a net loss of $125 million for the quarter ending March 4.

Even though RIM has squarely targeted the enterprise user market, it has suffered from a series of missteps and is up against both the Apple juggernaut and Android-based smartphones.

RIM's PlayBook tablet offering was blasted last year when it was introduced, for not including basic on-board applications, and BlackBerry features such as Web browsing have paled in comparison to competitive offerings.

Jim Balsillie and Mike Lazaridis recently gave up their co-CEO status and left the reins in the hands of Thorsten Heins, but company watchers have so far not expressed great confidence that the move will turn around the company's fortunes.

Over the next month, the major bellwethers will weigh in on how sales went during the full calendar quarter, January through March. If more companies report the sort of quarters that Red Hat and Tibco experienced, optimism -- and share prices -- could continue to grow.