Red Hat is following up its first billion dollar year with a strong first quarter of growth.
For Red Hat’s first quarter fiscal 2013, revenue was $314.7 million, a 19 percent year-over-year gain. The bulk of that revenue came from Red Hat’s software subscriptions, which came in at $272.6 million, a 21 percent gain. Net Income was $35.7 million, or $0.19 per share, which is a gain over the $32.5 million reported a year ago.
Red Hat CFO Charlie Peters explained during the company’s earning call that earnings for the first quarter were negatively impacted by a $3.1 million charge related to Red Hat moving out of one of its existing buildings in Raleigh, North Carolina.