Apps & Software
Red Hat Continues Deferred Revenue Growth (RHT)
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Red Hat, Inc. (NYSE: RHT), the largest seller of Linux operating systems and office suites, today reported that quarterly revenue soared 29% revenue to $164.4 million. It posted non-GAAP earnings of $0.20 per share. First Call had estimates at $0.18 for earnings and $163.6 million for revenue.
Most importantly, the company’s deferredrevenue rose 32% from last year and 1% sequentially to $496.9million. That number represents nearly 70% of Red Hat’s expected 2008revenue.
Unfortunately, no earnings and revenue guidance was offered. Ithas a conference call at 5:00 PM EST. Shares closed down 0.3% at$17.90 in after-hours trading and shares are indicated marginallyhigher pre-market.
Jon C. Ogg
September 24, 2008
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