Red Hat, Inc., the world’s leader of open source solutions, has announce dits furst quarter results of Fy-2015-16.
The results shows revenues rise by 14% to $481 Million whereas EPS was reported $0.26 up from $0.20 YoY.
As per Financials year-over-year
Subscription revenue for the quarter was $425 million, up 14%
GAAP operating income for the first quarter was $71 million, up 39%
GAAP net income for the quarter was $48 million up from $38 million.
View the full earnings release here.