Seeking Alpha

Red Hat guides largely above consensus, shares +11.5% AH

  • Red Hat (RHT) guides on its FQ3 CC for FQ4 revenue of $397M-$400M and EPS of $0.36-$0.38, largely above a consensus of $394M and $0.36.
  • The company notes EMEA sales bounced strongly following a soft FQ2, and made up 29% of revenue (up from 23% in the prior quarter). The Americas accounted for 55% (down from 60%), and Asia-Pac 16% (down from 17%).
  • Demand was strongest in the government and financial verticals. Plenty of companies have struggled with soft U.S. federal demand this year.
  • FQ3 results, details

Check out Seeking Alpha’s new Earnings Center »

From other sites
Comments (1)
  • stoj
    , contributor
    Comments (451) | Send Message
     
    yay!!
    19 Dec 2013, 07:12 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs