Red Hat (RHT) Tops Q3 EPS by 2c

Red Hat (NYSE: RHT) reported Q3 EPS of $0.48, $0.02 better than the analyst estimate of $0.46. Revenue for the quarter came in at $523.6 million versus the consensus estimate of $521.66 million.

Subscription revenue from Infrastructure-related offerings for the quarter was $373 million, an increase of 12% in U.S. dollars year-over-year and 18% measured in constant currency. Subscription revenue from Application Development-related and other emerging technologies offerings for the quarter was $84 million, an increase of 37% in U.S. dollars year-over-year and 45% measured in constant currency.

GUIDANCE:

Red Hat sees FY2016 EPS of $1.86, versus the consensus of $1.85. Red Hat sees FY2016 revenue of $2.044-2.048 billion, versus the consensus of $2.04 billion.

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

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