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More on Red Hat: No explanation given for revenue miss. Deferred revenue balance +15% Y/Y in FQ4...

More on Red Hat: No explanation given for revenue miss. Deferred revenue balance +15% Y/Y in FQ4 to $1.09B; 21% growth was recorded in FQ3. Total backlog +19% to $1.37B. Subscription revenue +19% Y/Y (even with FQ3) and 87% of total. Opex +19% Y/Y, a little above rev. growth. Gross margin was 84.6%, -50 bps Y/Y. RHT -12% AH. CC at 5PM ET (webcast), guidance should be provided. (PR) (recent downgrades: I, II)

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Comments (1)
  • Ashraf Eassa
    , contributor
    Comments (9240) | Send Message
     
    Ouch...
    27 Mar 2013, 04:22 PM Reply Like
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