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Red Hat fourth-quarter profit rises 5 pct
March 27, 2014 / 8:10 PM / in 4 years

Red Hat fourth-quarter profit rises 5 pct

March 27 (Reuters) - Red Hat Inc, the world’s largest commercial distributor of the Linux operating system, reported a 5 percent rise in fourth-quarter profit as subscription revenue increased.

Net income rose to $45.07 million, or 24 cents per share, for the quarter ended Feb. 28, from $42.97 million, or 22 cents per share, a year earlier.

Revenue rose 15 percent to $400.4 million. (Reporting by Soham Chatterjee; Editing by)

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