Red Hat Inc. (NYSE:RHT) reported second-quarter earnings of $51.4 million, or 47 cents cents a share, up from $46.8 million and 41 cents a share in the same period last year, topping analyst expectations of 44 cents a share.

Shares rose 2.34 percent in an extended session Monday. Shares closed at $79.72.

Revenue climbed 13 percent to $504.1 miliion. The company forecasts third-quarter revenue at from $519 million to $523 million and adjusted earnings per share of 47 cents.

Red Hat CEO Jim Whitehurst said, “Strong execution in Q2 contributed to total revenue results that exceeded 21% year-over-year growth on a constant currency basis. We were pleased with the progress of our technologies that address cloud deployments across multiple footprints. Specifically in this quarter, we achieved a public cloud milestone in our Certified Cloud and Service Provider program of an annualized run-rate of $100 million. We are also thrilled to be the first open source company to achieve an annualized run-rate of $2 billion in revenue this quarter. In addition, we believe Red Hat is well-positioned for the second half of the fiscal year as we continue to benefit from delivering innovation to our customers.