| Red Hat shares soar on impressive Q2 |
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Shares of Red Hat jumped today as the software maker revealed that strong sales pushed second quarter revenue significantly higher.
Red Hat enjoyed a healthy three-month run, pulling in revenue of $65.7m. That total marks a 42 per cent year-over-year rise. In addition, Red Hat's second quarter net income reached $16.7m - a 42 per cent hike from the same period last year. The results inspired investors and analysts to reward the Linux maker with praise.
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