Red Hat results for the company's Q1 have been released. For the quarter, revenue was $348 million, a 17% improvement over the $297 million in the same period the previous year. Non-GAAP net income came in at $70 million ($0.36 per diluted share) from Q4 2011's red figure of just under $57 million ($0.29).

On average, analysts had been projecting revenue of $349 million and EPS of $0.30.

For the full year, top line was $1.3 billion, like the quarterly improvement a 17% gain over the year-before figure, which was $1.1 billion. Non-GAAP net profit landed at just under $240 million ($1.23 per diluted share) for the year against 2011's $216 million ($1.10).

The article Red Hat Beats on Q4 EPS originally appeared on

Fool contributor Eric Volkman has no position in Red Hat, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Increase your money and finance knowledge from home

Understanding Stock Market Indexes

What does it mean when people say "the market is up 2%"?

View Course »

Asset Allocation

Learn the most important step in structuring an investment portfolio.

View Course »