Red Hat reports revenue up and acquires ManageIQ
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Red Hat has reported that its third quarter revenue is up 18% year-on-year, at $343.6 million, with subscription income rising 19% (to $294.2million). With estimates placing Red Hat at 29 cents a share, the reported earnings beat those estimates, coming in at 30 cents a share. According to Bloomberg, that was enough to see Red Hat shares rising in late trading.
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