Red Hat revenue rises 15 pct on higher subscriptions
Dec 19 (Reuters) - Red Hat Inc, the world's largest commercial distributor of the Linux operating system, reported a 15 percent rise in quarterly revenue, helped by higher subscriptions, sending its shares up 8 percent in extended trading.
Net income rose to $52 million, or 27 cents per share, in the third quarter, from $34.8 million, or 18 cents per share, a year earlier.
Revenue rose to $397 million from $343.6 million. Subscription revenue jumped 17 percent to $343 million.
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