Red Hat (RHT) Tops Q3 EPS by 2c; Boosts FY15 EPS Outlook

Red Hat (NYSE: RHT) reported Q3 EPS of $0.42, $0.02 better than the analyst estimate of $0.40. Revenue for the quarter came in at $455.9 million versus the consensus estimate of $451.4 million.

“Our strong Q3 results marked the eleventh straight quarter of mid-to-high teens revenue growth as we continued to reinforce and expand our strategic relationship with our customers,” said Jim Whitehurst, President and Chief Executive Officer of Red Hat. “Cloud computing and big data trends are driving increased demand for open source technologies. We believe our leadership position in the open source industry and broad portfolio of Open Hybrid Cloud technologies creates a strong position for Red Hat to capture market share in the cloud-enabled data center.”

Guidance:

RedHat sees FY15 adjusted EPS of $1.57 - $1.58 and revs of $1.77 - $1.79 billion, with consensus estimates at EPS of $1.55 and revs of $1.78 billion.

For earnings history and earnings-related data on Red Hat (RHT) click here.

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