On June 30, Red Hat (NASDAQ:RHAT) released earnings for the fiscal 2006 first quarter, which ended May 31, 2005.

Income Statement Highlights

Q1 2006
Avg. Est.
Q1 2006
Actual
Q1 2005
Actual
%
Change
Sales $61,320 $60,780 $41,764 +45.5%
Net Profit -- $12,435 $10,917 +13.9%
EPS $0.05 $0.07 $0.06 +16.7%
Dollar figures in thousands, except per-share data

Balance Sheet Highlights

Assets Q1 2006 Q1 2005 % Change
Cash + ST Invest. $434,502 $230,162 +88.8%
Inventory not provided $2,503 N/A
Accounts Rec. $47,672 $34,639 +37.6%
Dollar figures in thousands

Liabilities Q1 2006 Q1 2005 % Change
Convertible Notes $590,000 $600,000 -1.7%
Accounts Pay. $4,219 $4,219 -34.3%
Dollar figures in thousands

Margin Checkup

Q1 2006 Q1 2005 Change
Gross Margin 80.31% 80.02% +0.29%
Op. Margin 12.58% 12.32% +0.26%
Net Margin 20.46% 26.14% -5.68%


Cash Flow Highlights

Q1 2006 Q1 2005 % Change
Cash From Ops $36,604 $31,117 +17.6%
Capital Expend. $3,272 $5,368 -39%
Free Cash Flow $33,332 $25,749 +29.4%
Dollar figures in thousands

Related companies:

  • IBM (NYSE:IBM)
  • Microsoft (NASDAQ:MSFT)
  • Novell (NASDAQ:NOVL)
  • SCO Group (NASDAQ:SCOX)

For related Foolishness:

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At the time of publication, Seth Jayson had positions in no company mentioned. Fool rules are here.