Red Hat Revenues Grow, Raises Full Year Outlook

[ Thanks to James Maguire for this link. ]

"For the its fiscal year 2012 first quarter ended May 31, 2011, Red Hat reported net revenue of $264.7 million for a 26 percent year-over-year increase. Net Income was reported at 66.5 million, for a 28 percent year-over-year increase. Red Hat exceeded its own revenue guidance, which it provided in fourth quarter, for first quarter 2012 revenues to be in the range of $252 to $255 million.

"Moving forward, Red Hat provided second quarter fiscal 2012 revenue guidance to be in the range of approximately $270 million to $272 million. Red Hat is so optimistic about the year that it is also raising its full year revenue guidance as well. "

Complete Story

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