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.
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