Red Hat: beats consensus in Q2.
(CercleFinance.com) - On Monday Red Hat Q2 adjusted (non-GAAP) net income that was up 37% at 138 million dollars, or 77 cents per share, while analysts on average were expecting 10 cents less.
The open source software publisher increased its quarterly revenues by 21% to 723 million dollars, including a 44% increase in revenue from application development subscriptions and other emerging technologies, which reached 150 million dollars.
For the current year, the Raleigh, North Carolina-based group said it expects adjusted EPS of between 2.77 dollars and 2.79 dollars, in addition to revenues of approximately 2,880 million to 2,895 million dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The open source software publisher increased its quarterly revenues by 21% to 723 million dollars, including a 44% increase in revenue from application development subscriptions and other emerging technologies, which reached 150 million dollars.
For the current year, the Raleigh, North Carolina-based group said it expects adjusted EPS of between 2.77 dollars and 2.79 dollars, in addition to revenues of approximately 2,880 million to 2,895 million dollars.
Copyright (c) 2017 CercleFinance.com. All rights reserved.