Red Hat (NYSE: RHT ) 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).