Red Hat Second-Quarter Profit, Sales Exceed Analyst EstimatesBy
Company raises forecast for third quarter and full year
Shares jump as much as 7 percent in trading after the report
Red Hat Inc. reported fiscal second-quarter profit and sales that exceeded analysts’ estimates, buoyed by growth in its infrastructure and application-development products. The software maker also boosted forecasts. The shares rose as much as 7.1 percent in extended trading.
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