Exclusive: Red Hat Inc. CEO On Q1 Results, Internet of Things, and More

Red Hatreported results for the first quarter of fiscal 2016 on Thursday night, exceeding both its own guidance and analyst estimates across the board. Business is doing great, but management is still waiting for several major growth engines to kick in. In the first quarter, Red Hat’s revenue rose 14% year over year, or 22% excluding the effects of currency exchange headwinds. At $481 million, this result was head-and-shoulders above Wall Street’s $473 million consensus.

Read the source article at nasdaq.com

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