| Profit Doubles at Red Hat |
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Fourth-quarter profit more than doubled at Red Hat as enterprise subscription revenue rose 92%.
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.
Revenue rose 56% to $57.5 million, as enterprise subscription revenue grow to $45.4 million.
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