RedHat earned $17.3 million in sales promotion orders Q1

Article title: RedHat earned $17.3 million in sales promotion orders Q1. Linux is a technology channel of the IT lab in China. Includes basic categories such as desktop applications, Linux system management, kernel research, embedded systems, and open source.

Red Hat announced its financial report for the first quarter of fiscal year June 26 on Wednesday, 2008. In the first quarter of fiscal year ending in May 31, Red Hat's profit was $17.3 million, 8 cents per share, a year-on-year increase of 6.6%. in the same period last year, Red Hat's profit was $16.2 million, and the earnings per share was also 8 cents.

Red Hat's sales revenue for the first quarter of fiscal year was $0.1566 billion, a year-on-year increase of 32%.

According to Red Hat, the company's first-quarter profit after deducting a one-time spending item was $37 million, which is 18 cents per share. This result is consistent with the average prediction of analysts in the Thomson Financial survey. Analysts predicted an average profit of 18 cents per share for the first quarter of Red Hat fiscal year and a sales revenue of $0.153 billion.

Red Hat said its two main businesses had increased compared with the same period last year. Red Hat's software subscription revenue was $0.1307 billion, up 27% year-on-year. training and service revenues were $25.9 million, up 64% year-on-year.

However, Red Hat's software ordering and revenue growth are at the cost of a large amount of internal investment in engineering, sales, and marketing. Red Hat's sales and marketing spending was $59.3 million, up 28% year-on-year. R & D spending was $28.9 million, up 33% year-on-year.

Red Hat Vice President and CEO Charlie Peters said the company insisted that the original forecast, this fiscal year's sales revenue will reach 0.665 billion to 0.68 billion US dollars, the profit is 78 cents to 82 cents per share earnings.

According to the Thomson Financial survey, analysts predicted that Red Hat's revenue for the current fiscal year was $0.6724 billion, with a profit of 80 cents per share.