- Red Hat (NYSE:RHT) guides on its FQ2 CC for FQ3 revenue of $449M-$452M and EPS of $0.40, below a consensus of $457.8M and $0.41. FY15 (ends Feb. '15) guidance is healthier: revenue of $1.77B-$1.85B and EPS of $1.53-$1.55 vs. a consensus of $1.78B and $1.54.
- The Linux/middleware vendor's deferred revenue balance was up 18% Y/Y at the end of FQ2 to $1.25B; that growth rate is slightly below FQ1's 20%. On the other hand, subscription revenue growth picked up slightly to 19% from 18%.
- GAAP sales/marketing spend +20% Y/Y to $174.5M; R&D +22% to $95.3M; G&A +17% to $44.7M. $80M was spent on buybacks, even with FQ1.
- Shares went into earnings not far from their 52-week high of $62.69.
- FQ2 results, PR