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Red Hat Inc. Reveals 37% Increase In Q2 Profit

Red Hat Inc. (RHT) reported a profit for its second quarter that climbed compared to the same period last year.

The company said its bottom line rose to $138.27 million, or $0.77 per share. This was higher than $101.23 million, or $0.55 per share, in last year's second quarter.

Analysts had expected the company to earn $0.67 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 20.6% to $723.36 million. This was up from $599.81 million last year.

Red Hat Inc. earnings at a glance:

-Earnings (Q2): $138.27 Mln. vs. $101.23 Mln. last year.
-Earnings Growth (Y-o-Y): 36.6%
-EPS (Q2): $0.77 vs. $0.55 last year.
-EPS Growth (Y-o-Y): 40.0%
-Analysts Estimate: $0.67
-Revenue (Q2): $723.36 Mln vs. $599.81 Mln last year.
-Revenue Change (Y-o-Y): 20.6%

-Guidance:
Next quarter EPS guidance: $0.70
Next quarter revenue guidance: $730 - $737 Mln
Full year EPS guidance: $2.77 - $2.79
Full year revenue guidance: $2.880 - $2.895 Bln

by RTT Staff Writer

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