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Red Hat delivers solid Q4 earnings

The company expects to continue to benefit from datacentre, server and virtualisation upgrades

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.