Red Hat fourth-quarter profit rises 5 percent

Reuters News
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Posted: Mar 27, 2014 4:12 PM

(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 February 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)