For its fiscal first-quarter, Red Hat reported a profit of $37.5 million, or 19 cents share, on revenue of $314.7 million, up from earnings of $32.5 million, or 17 cents a share, on $264.7 million in revenue in the same period a year ago. Excluding one-time items, the open-source software provider would have earned $58 million, or 30 cents a share.
Those results topped the estimates of analysts surveyed by FactSet Research, who had forecast Red Hat to earn 27 cents a share on $310.8 million in revenue.
(Curated by Dennis Moore. Read the complete article here)