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Profit Doubles at Red Hat

Stock quotes in this article: RHAT  

Updated from March 31

Shares of Red Hat(RHAT Quote) climbed higher after the company said fourth-quarter profit more than doubled and enterprise subscription revenue rose 92%.

The stock was recently up 92 cents, or 8.4%, to $11.83.

The company said after the bell Thursday that net income rose to $11.8 million, or 6 cents a share, from $4.8 million, or 3 cents a share, a year earlier. ...

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