Red Hat: exceeds expectations in Q2
(CercleFinance.com) - On Wednesday night Red Hat announced Q2 adjusted net income that is up 14% at 157 million dollars, i.
e. 85 cents per share, three cents above the consensus.
The open source software publisher achieved an adjusted operating margin of 23.9% and increased its revenues by 14% (both as reported and at constant exchange rates) to 823 million dollars, of which 88% was for subscriptions.
For the full year, Red Hat anticipates adjusted EPS of 3.45-to-3.49 dollars, and an adjusted operating margin of approximately 23.9% for revenues of 3.36 billion to 3.395 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
e. 85 cents per share, three cents above the consensus.
The open source software publisher achieved an adjusted operating margin of 23.9% and increased its revenues by 14% (both as reported and at constant exchange rates) to 823 million dollars, of which 88% was for subscriptions.
For the full year, Red Hat anticipates adjusted EPS of 3.45-to-3.49 dollars, and an adjusted operating margin of approximately 23.9% for revenues of 3.36 billion to 3.395 billion dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.