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ColdFusion Authors: Yakov Fain, Jeremy Geelan, Maureen O'Gara, Nancy Y. Nee, Tad Anderson

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Red Hat Numbers Up

Red Hat Saw Earnings Rise 6.6% to $17.3 Million

Red Hat saw earnings rise 6.6% to $17.3 million, or eight cents a share in its first fiscal quarter ended May 31 on revenue up 32% year-over-year and 11% sequentially to $156.6 million. EPS was dead flat year-over-year. Subscription revenue was $130.7 million, up 27% year-over-year and up 7% sequentially. Training and services were up 64% to $25.9 million.

Non-GAAP income was $37 million, or 18 cents a share, up from $33.7 million, or 16 cents a share, a year ago, putting it in line with estimates.

Operating cash flow totaled $63.4 million, compared to $39.7 million a year ago and $54.5 million sequentially. Total deferred revenues stand at $491.8 million, up 36% year-over-year and 4% sequentially. It has $1.35 billion in the bank.

Sales and marketing expenses were up 28% to $59.3 million and R&D was up 33% to $28.9 million.

This time through the company’s 25 top customers renewed their subscriptions.

It is projecting revenues this year of $665 million-$680 million returning 78 cents to 82 cents a share after adjustments. Wall Street’s estimates are roughly in the middle. For this quarter it’s saying $162 million-$164 million and non-GAAP ESP of 18 cents, a penny under Wall Street.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

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