RedHat announces first-quarter earnings: 8% year-on-year net profit increase

Red Hat, an open-source solution vendor, reported the first quarter earnings of fiscal year June 20 in the early morning of October 2014, Beijing time. According to the report, Redhat's first quarter revenue was $0.3633 billion, up 0.3147 billion from $ 15% in the same period last year. Its net profit was $40.4 million, up 37.5 million from $ 7.8% in the same period last year. Affected by the Financial Report, the share price of RedHat rose by more than 6% in the Post-disk transaction. In the quarter ended May 31, the net profit of RedHat was $40.4 million, with earnings of 21 cents per share, a performance better than the same period last year. 20

Red Hat, an open-source solution vendor, reported the first quarter earnings of fiscal year June 20 in the early morning of October 2014, Beijing time. According to the report, Redhat's first quarter revenue was $0.3633 billion, up 0.3147 billion from $ 15% in the same period last year. Its net profit was $40.4 million, up 37.5 million from $ 7.8% in the same period last year. Affected by the Financial Report, the share price of RedHat rose by more than 6% in the Post-disk transaction.

In the quarter ended May 31, the net profit of RedHat was $40.4 million, with earnings of 21 cents per share, a performance better than the same period last year. In the first quarter of fiscal year 2013, the net profit of RedHat was $37.5 million, 19 cents per share. RedHat earnings per share for the first quarter is 32 cents, not included in equity incentives and other one-time items (not in accordance with general accounting standards for the United States), higher than 30 cents for the same period last year. Redhat's revenue for the first quarter was $0.3633 billion, up 0.3147 billion from $ 15% in the same period last year. The effect of unrecorded exchange rate changes was a year-on-year increase of 17%.

Redhat's first-quarter performance exceeded the company's previous expectations. In March this year, RedHat expected earnings per share for the first quarter to be 30 to 31 cents, with revenues from $0.358 billion to $0.361 billion.

Redhat's subscription revenue for the first quarter was $0.3158 billion, up 16% from the same period last year. Its training and service revenue was $47.44 million, up from $42.16 million in the same period last year. Redhat's gross profit rate in the first quarter was 84.6%, lower than 85.4% in the same period last year. In the first quarter, operating expenditures increased by 15% compared with the same period last year.

On the same day, the share price of RedHat fell by $0.41 in regular trading on the New York Stock Exchange, reporting at $46.22, a drop of 0.88%. In subsequent post-disk trading as of (Beijing Time), Redhat's share price rose by $2.93 to $49.15, or 6.34%. In the past 52 weeks, the highest price for a red hat is $60.00 and the lowest price is $44.92.

Headquartered in North Carolina, RedHat is a world-leading open-source solution provider. Its Product RedHat Linux is the most widely used Linux operating system in the world.

For more information about RedHat, see RedHat topic page http://www.linuxidc.com/topicnews.aspx? Tid = 10