SEATTLE, Sept 23 (Reuters) - Red Hat Inc reported higher fiscal second-quarter profit on Wednesday, helped by higher sales of its open-source software subscriptions and a one-time tax benefit.
The world's biggest provider of Linux software reported net quarterly profit of $28.9 million, or 15 cents per share, compared with $21.1 million, or 10 cents per share, in the year-ago quarter.
Excluding the one-time $7.3 million tax benefit and certain other items, it reported 16 cents per share profit. Wall Street was expecting 15 cents per share, on average.
Revenue rose 12 percent to $183.6 million in its second quarter ended Aug. 31, beating analysts' average forecast of $179.1 million, according to Reuters Estimates.
Red Hat's shares rose 3.3 percent in after-hours trading to $25.70 after closing at $24.88 on the New York Stock Exchange.
(Reporting by Bill Rigby; Editing by Tim Dobbyn) Keywords: REDHAT/ (bill.rigby@thomsonreuters.com; +1 206 418 9236; Reuters Messaging: bill.rigby.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The world's biggest provider of Linux software reported net quarterly profit of $28.9 million, or 15 cents per share, compared with $21.1 million, or 10 cents per share, in the year-ago quarter.
Excluding the one-time $7.3 million tax benefit and certain other items, it reported 16 cents per share profit. Wall Street was expecting 15 cents per share, on average.
Revenue rose 12 percent to $183.6 million in its second quarter ended Aug. 31, beating analysts' average forecast of $179.1 million, according to Reuters Estimates.
Red Hat's shares rose 3.3 percent in after-hours trading to $25.70 after closing at $24.88 on the New York Stock Exchange.
(Reporting by Bill Rigby; Editing by Tim Dobbyn) Keywords: REDHAT/ (bill.rigby@thomsonreuters.com; +1 206 418 9236; Reuters Messaging: bill.rigby.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
