Whitehurst said Red Hat was able to renew all of the top 25 deals up for renewal in the first quarter ended May 31 and signed a record number of deals worth a million dollars or more.
Red Hat raised its full-year adjusted earnings forecast to $1.59-$1.61 per share from $1.54-$1.56.
The company lifted its revenue forecast to $1.76-$1.785 billion from $1.73-$1.755 billion.
Read MoreCramer: 'New tech' stocks are running out of gas
Analysts on average were expecting an adjusted profit of $1.55 on revenue of $1.75 billion, according to Thomson Reuters I/B/E/S.
Red Hat is benefiting from higher enterprise demand for its software used in data-centers, for cloud computing and to create virtual computers within an operating system.
The company counts 90 percent of Fortune Global 500 companies as customers, including Amazon.com, Dell, and Alcatel-Lucent.
Red Hat—whose products competes with those of Microsoft and VMware—is investing in developing OpenStack open-source cloud software as companies increasingly subscribe to storage, software and computing services hosted on remote servers.