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Red Hat shares advance after earnings beat expectations

Software company Red Hat shares on Thursday jumped nearly 4 percent after its earnings beat expectations.

The Linux software developer reported earnings per share of 55 cents on revenue of $600 million after the Wednesday’s close. That beat expectations of 54 cents and $590 million.

Red Hat also raised its full-year guidance given increased demand for software and cloud services.

The material has been provided by InstaForex Company – www.instaforex.com

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Red Hat shares advance after earnings beat expectations Reviewed by on . Software company Red Hat shares on Thursday jumped nearly 4 percent after its earnings beat expectations. The Linux software developer reported earnings per sha Software company Red Hat shares on Thursday jumped nearly 4 percent after its earnings beat expectations. The Linux software developer reported earnings per sha Rating:
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