Red Hat Earnings Impress Thursday, September 24, 5:45 PM ET
Red Hat (RHT) announced second quarter results after the bell Wednesday.
The software distributor earned $28.9 million or 15 cents per share. In the same period last year the company earned 10 cents per share. Adjusted earnings came in at 20 cents per share. Revenue was up 12 percent to $183.6 million. Second quarter results were helped by a tax benefit.
In morning trading, shares of Red Hat gained more than twelve and a half percent.
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