Red Hat Revenue Rises 13% on Software, Cloud Demand
Red Hat Inc (NYSE:RHT), the world's largest commercial distributor of the Linux operating system, reported a 13% 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)