Red Hat's Q4: Misses revenue but wins on earnings
Given the heightened interest in putting open source to work for big data analytics in the last few months, many eyes were on Red Hat after the bell today.
The open source company reported fourth quarter earnings of $43 million, or 22 cents a share (statement). Non-GAAP earnings were 36 cents a share on a revenue of $348 million, up 17 percent annually.
But Wall Street was expecting Red Hat to report non-GAAP earnings of 30 cents a share on revenue of $349.4 million.