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Red Hat delivers solid Q4 earnings

The company expects to continue to benefit from datacentre, server and virtualisation upgrades
Written by Larry Dignan, Contributor on

Red Hat on Wednesday reported strong fourth-quarter results and said it expects it will continue to benefit from datacentre, server and virtualisation upgrades.

The company reported fourth-quarter net income of $23.4m (£15.6m), or 12 cents a share, on revenue of $195.9m, up 18 percent from a year ago. Non-Gaap earnings were 19 cents a share, three cents better than Wall Street estimates.

For the year, Red Hat reported net income of $87.3m, or 45 cents a share, on revenue of $748.2m, up 15 percent from a year ago.

For more on this story, see Red Hat fourth quarter earnings solid on CNET News.

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