Feeds

Enterprise surge boosts Red Hat's Q2

Beats The Street

  • alert
  • submit to reddit

SANS - Survey on application security programs

Red Hat's enterprise operating system business carried it to a banner second quarter, as revenue surged.

Red Hat pulled in $46.3m during the period - a 60 percent rise over the $29m posted in the same quarter last year. Net income jumped 225 percent year-over-year to $11.8m. This lead to $0.06 earnings per share - a figure that just beat out analysts' estimates.

"We continue to see strong demand for our offerings, as reflected in our results. The company executed successfully across the global business", said Red Hat's CFO Charlie Peters in a very matter-of-fact canned quotation.

Red Hat boosted enterprise software subscriptions to $34m in the second quarter - a strong gain over the $14m reported last year. Retail sales, however, fell from $4m last year to just $561,000. Embedded sales cam in at $423,000 versus $490,000 one year ago.

Red Hat's enterprise services generated $10.5m during this year's second quarter compared to $9m last year.

Red Hat's results left investors unmoved in the after-hours markets. The company's shares fell almost 4 percent to $14.51, at the time of this report. ®

Related stories

Raising the Linux Standard
IBM does Linux-only dance on Power
Linux poised for move from data centre to desktop - report
Red Hat ups security for Enterprise Linux 3
Crack Fedora Core and Red Hat Enterprise Linux

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.