Red Hat Beats on Q4 EPS

By Eric Volkman – Mar 27, 2013 at 7:42PM

NYSE: RHT

Red Hat

The software maker notches a clear victory over analyst expectations for bottom line.

Red Hat (RHT) results for the company's Q1 have been released. For the quarter, revenue was $348 million, a 17% improvement over the $297 million in the same period the previous year. Non-GAAP net income came in at $70 million ($0.36 per diluted share) from Q4 2011's red figure of just under $57 million ($0.29).

On average, analysts had been projecting revenue of $349 million and EPS of $0.30.

For the full year, top line was $1.3 billion, like the quarterly improvement a 17% gain over the year-before figure, which was $1.1 billion. Non-GAAP net profit landed at just under $240 million ($1.23 per diluted share) for the year against 2011's $216 million ($1.10).

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