NEWS: Red Hat Inc. shares jumped in after-hours trading Thursday after the open-source software company said that its fiscal third-quarter net income increased nearly 49 percent. The quarter's results far exceeded market expectations. DETAILS: The company said that strong demand for its technologies helped boost its results, with gains in both its subscription, and training and services revenue. NUMBERS: Net income increased to $52 million , or 27 cents per share, from $35 million , or 18 cents per share, last year. After adjusting for stock compensation expenses and other unusual items, it earned 42 cents per share versus 29 cents per share last year. Revenue increased 15 percent to $396.5 million . Analysts were anticipating earnings of 35 cents per share on revenue of $383.2 million . FUTURE: Red Hat , the Raleigh, N.C. , company behind the Linux open-source operating system, did not issue a forecast. STOCK: The company's shares increased about 10 percent in after-hours trading to $53.92 . Its shares added 9 cents to close regular trading at $49 Thursday, down more than 7 percent for 2013.
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