Red Hat revenue rises 13 percent

Reuters News
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Posted: Sep 21, 2015 4:27 PM

(Reuters) - Red Hat Inc <RHT.N>, 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.

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.

(Reporting by Abhirup Roy in Bengaluru; Editing by Sriraj Kalluvila)