Red Hat Inc. (RHT) released earnings for its first quarter that climbed compared to the same period last year.
The company said its bottom line climbed to $92.18 million, or $0.50 per share. This was up from $81.46 million, or $0.44 per share, in last year's first quarter.
Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 18.1% to $567.90 million. This was up from $481.00 million last year.
Red Hat Inc. earnings at a glance:
-Earnings (Q1): $92.18 Mln. vs. $81.46 Mln. last year.
-Earnings Growth (Y-o-Y): 13.2%
-EPS (Q1): $0.50 vs. $0.44 last year.
-EPS Growth (Y-o-Y): 13.6%
-Analysts Estimate: $0.50
-Revenue (Q1): $567.90 Mln vs. $481.00 Mln last year.
-Revenue Change (Y-o-Y): 18.1%
-Guidance:
Next quarter EPS guidance: $0.54
Next quarter revenue guidance: $587 - $593 Mln
Full year EPS guidance: $2.19 - $2.23
Full year revenue guidance: $2.38 - $2.42 Bln
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