Red Hat Inc. Reveals 12% Gain In Q2 Profit

(RTTNews) - Red Hat Inc. (RHT) reported earnings for its second quarter that gained ground from last year.

The company said its bottom line totaled $87.81 million, or $0.47 per share. This was up from $78.49 million, or $0.41 per share, in last year's second quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 21.3% to $540.96 million. This was up from $445.90 million last year.

Red Hat Inc. earnings at a glance:

-Earnings (Q2): $87.81 Mln. vs. $78.49 Mln. last year.
-Earnings Growth (Y-o-Y): 11.9%
-EPS (Q2): $0.47 vs. $0.41 last year.
-EPS Growth (Y-o-Y): 14.6%
-Analysts Estimate: $0.44
-Revenue (Q2): $540.96 Mln vs. $445.90 Mln last year.
-Revenue Change (Y-o-Y): 21.3%

-Guidance:

Next quarter EPS guidance: $0.47
Next quarter revenue guidance: $519 - $523 Mln
Full year EPS guidance: $1.85 - $1.87
Full year revenue guidance: $2.034 - $2.044 Bln