March 27, 2014 4:53 PM

Software company Red Hat posts strong fourth quarter results

Linux software company Red Hat ended its fiscal year on a high note, with fourth-quarter net income exceeding Wall Street’s expectations. The Raleigh-based company’s revenue for the quarter that ended Feb. 28 rose 15 percent to $400 million, a smidgen above the $399 million anticipated by analysts polled by Bloomberg News.

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