Red Hat Inc. (RHT) Wednesday reported fourth-quarter net income of $42.97 million or $0.22 per share, up from $35.97 million or $0.18 per share last year.
Adjusted net income for the quarter rose to $70.13 million or $0.36 per share from $57.25 million or $0.29 per share last year. On average, 33 analysts polled by Thomson Reuters expected earnings of $0.30 per share for the quarter. Analysts' estimates typically exclude special items.
Total subscription, training and services revenue for the quarter grew to $347.88 million from $297.01 million last year. Analysts estimated revenues of $349.64 million for the quarter.
For comments and feedback: editorial@rttnews.com