Red Hat (RHT) Tops Q4 EPS by 2c

Red Hat Announces $500 Million Stock Repurchase Program

RALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that its Board of Directors has authorized the repurchase of up to $500 million of the Companys common stock from time to time on the open market or in privately negotiated transactions.

The new program replaces the previous $300 million repurchase program that is scheduled to expire on March 31, 2015. Approximately $220 million was used under the previous plan through March 25, 2015.

Over the past four fiscal years, we have repurchased over $1 billion or approximately... More

Red Hat Reports Fourth Quarter and Fiscal Year 2015 Results

Fourth quarter revenue of $464 million, up 16% year-over-year; full fiscal year revenue of $1.79 billion, up 17% year-over-year Fourth quarter subscription revenue of $405 million, up 15% year-over-year; full fiscal year subscription revenue of $1.56 billion, up 17% year-over-year Fourth quarter operating cash flow of $217 million, up 18% year-over-year; full fiscal year operating cash flow of $623 million, up 15% year-over-year Year-end deferred revenue balance of $1.48 billion, up 15% year-over-year

RALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the world's leading... More