openNews
12-22-2010, 08:15 PM
# Revenue of $236 million, up 21% from the prior year
# GAAP operating income up 92%, non-GAAP operating income up 26% from the prior year
# Deferred revenue of $685 million, up 11% from the prior year
# Operating Cash Flow of $71 million, up 31% from the prior year
Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced financial results for its fiscal year 2011 third quarter ended November 30, 2010.
Total revenue for the quarter was $235.6 million, an increase of 21% from the year ago quarter. Subscription revenue for the quarter was $198.8 million, up 21% year-over-year.
"Strong market demand and sales execution, combined with a compelling value proposition, led to organic billings growth of over 20%, or $262 million. Also in Q3, we were particularly proud that Red Hat was recognized by CIOs for the seventh consecutive year as one of the top IT vendors delivering value according to CIO Insight Magazine Vendor Value survey." stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. "In addition to delivering a compelling value proposition, we continued to drive innovation for our customers' data center needs. In November, we launched the latest version of our flagship operating system, Red Hat Enterprise Linux 6, giving customers a great platform for next generation architectures such as virtualization and cloud computing."
Source: http://www.redhat.com/about/news/prarchive/2010/q3_11.html (http://www.redhat.com/about/news/prarchive/2010/q3_11.html)
# GAAP operating income up 92%, non-GAAP operating income up 26% from the prior year
# Deferred revenue of $685 million, up 11% from the prior year
# Operating Cash Flow of $71 million, up 31% from the prior year
Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced financial results for its fiscal year 2011 third quarter ended November 30, 2010.
Total revenue for the quarter was $235.6 million, an increase of 21% from the year ago quarter. Subscription revenue for the quarter was $198.8 million, up 21% year-over-year.
"Strong market demand and sales execution, combined with a compelling value proposition, led to organic billings growth of over 20%, or $262 million. Also in Q3, we were particularly proud that Red Hat was recognized by CIOs for the seventh consecutive year as one of the top IT vendors delivering value according to CIO Insight Magazine Vendor Value survey." stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. "In addition to delivering a compelling value proposition, we continued to drive innovation for our customers' data center needs. In November, we launched the latest version of our flagship operating system, Red Hat Enterprise Linux 6, giving customers a great platform for next generation architectures such as virtualization and cloud computing."
Source: http://www.redhat.com/about/news/prarchive/2010/q3_11.html (http://www.redhat.com/about/news/prarchive/2010/q3_11.html)