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Red Hat revenue rises 13%, pushed by open source software and cloud demand
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  • Red Hat revenue rises 13%, pushed by open source software and cloud demand

Red Hat revenue rises 13%, pushed by open source software and cloud demand

FP Archives • September 22, 2015, 10:59:50 IST
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Red Hat Inc, the world’s largest commercial distributor of the Linux operating system, reported a 13 percent rise in quarterly revenue, helped by higher demand for open-source software and cloud offerings.

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Red Hat revenue rises 13%, pushed by open source software and cloud demand

Red Hat Inc, the world’s largest commercial distributor of the Linux operating system, reported a 13 percent rise in quarterly revenue, helped by higher demand for open-source software and cloud offerings. [caption id=“attachment_2058995” align=“alignleft” width=“640”] ![ThinkStock](https://images.firstpost.com/wp-content/uploads/2015/01/growthchslk.jpg) ThinkStock[/caption] 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. Reuters

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