Red Hat (RHT) Tops Q1 EPS by 3c

Red Hat (NYSE: RHT) reported Q1 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $481 million versus the consensus estimate of $472.59 million.

“Our solid start to fiscal year 2016 was evidenced by strong constant currency revenue growth of over 20%,” stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. “This strong growth reflects in part the demand for our open, hybrid cloud technologies across four footprints: bare metal, virtualization, private cloud and public cloud deployments. Red Hat’s portfolio of technologies becomes increasingly strategic to customers who are looking to expand their capabilities and agility to build and deploy applications across these data center footprints.”

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

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