Drexel Hamilton Raises Price target on Red Hat (RHT) Following a Strong 4Q Showing
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Red Hat Reports Fourth Quarter and Fiscal Year 2016 Results
March 22, 2016 4:15 PM EDTFourth quarter revenue of $544 million, up 17% year-over-year or 21% in constant currency; full fiscal year revenue of $2.05 billion, up 15% year-over-year or 21% in constant currency Fourth quarter subscription revenue of $480 million, up 18% year-over-year or 22% in constant currency; full fiscal year subscription revenue of $1.80 billion, up 16% year-over-year or 22% in constant currency Fourth quarter Application Development-related and other emerging technologies subscription revenue of $89 million, up 38% year-over-year or 43% in constant currency; full fiscal year Application Development-related and other emerging technologies subscription revenue of $323 million, up 37% year-over-year or 46% in constant currency... More
