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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Red Hat Revenue Rises 15% 0 comments
    Mar 28, 2014 10:43 AM | about stocks: RHT

    Originally published at

    Filing in Focus: Red Hat 8-K, March 27, 2014

    Red Hat, Inc. (NYSE:RHT) announced its fourth quarter and full year financial results for 2013, reporting a 15% increase in quarterly revenue. The open source software company posted quarterly revenue of $400M, a 15% increased from a year ago, while annual revenue increased similarly by 15% to $1.53B. Adjusted quarterly earnings fell from $81M and $0.42 per share to $75M and $0.39 per share, while adjusted annual earnings increased from $240M and $1.23 per share to $285M and $1.49 per share. Operating cash flow increased on both a quarterly and annual basis with subscription revenue increasing by 16% in both fourth quarter and full year. Executive VP and CFO Charlie Peters remarked that the company delivered strong revenue growth while investing in new opportunities that will help drive future growth, particularly in open hybrid cloud computing.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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