Red Hat (RHT) Tops Q2 EPS by 1c

Red Hat (NYSE: RHT) reported Q2 EPS of $0.55, $0.01 better than the analyst estimate of $0.54. Revenue for the quarter came in at $600 million versus the consensus estimate of $593.34 million.

Subscription revenue from Infrastructure-related offerings for the quarter was $427 million, an increase of 18% in U.S. dollars year-over-year and 17% measured in constant currency. Subscription revenue from Application development-related and other emerging technologies offerings for the quarter was $104 million, an increase of 33% in U.S. dollars year-over-year and 32% measured in constant currency.

GUIDANCE:

Red Hat sees Q3 2017 EPS of $0.34, versus the consensus of $0.57. Red Hat sees Q3 2017 revenue of $613-623 million, versus the consensus of $615.2 million.

Red Hat sees FY2017 EPS of $2.23-$2.25, versus the consensus of $2.21. Red Hat sees FY2017 revenue of $2.415-2.435 billion, versus the consensus of $2.4 billion.

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

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