Red Hat revenue rises 13 percent
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Price: $187.71 --0%
Financial Fact:
Total subscription and training and services revenue: 599.81M
Today's EPS Names:
OCCI, MAYS, CRMT, More
Financial Fact:
Total subscription and training and services revenue: 599.81M
Today's EPS Names:
OCCI, MAYS, CRMT, More
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(Reuters) - Red Hat Inc (NYSE: RHT), the world's largest commercial distributor of the Linux operating system, reported a 13 percent rise in quarterly revenue, helped by higher demand for open-source software and cloud offerings.
The company's net income rose to $51.4 million, or 28 cents per share, in the second quarter ended Aug. 31, from $46.8 million, or 25 cents per share, a year earlier.
Revenue rose to $504.1 million from $445.9 million.
(Reporting by Abhirup Roy in Bengaluru; Editing by Sriraj Kalluvila)
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