Red Hat, Inc. (RHT) Wednesday reported first-quarter profit of $40 million or $0.21 per share, up from $37 million or $0.19 per share in the same period last year.
Adjusted earnings for the quarter was $62 million or $0.32 per share. On average, 31 analysts polled by Thomson Reuters expected the company to earn $0.31 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased 15 percent to $363.26 million from $314.73 million last year. Analysts expected revenues of $359.77 million.
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