$RHT (Red Hat, Inc.)

$RHT {{ '2015-09-21T21:57:57+0000' | timeago}} • Webcast

$RHT ended 2Q16 with cash and investments of approx. $2Bil. This balance was after returning $70MM to shareholders after repurchasing approx. 895,000 shares of $RHT stock. $RHT had approx. $430MM remaining on the current share repurchase authorization at the end of the quarter.

$RHT {{ '2017-07-11T19:41:03+0000' | timeago}} • Announcement

The Fedora Project, a $RHT sponsored and community-driven open source collaboration, announced the general availability of Fedora 26, the latest version of the fully-open source Fedora operating system. The new edition brings containerized Kubernetes, DNF 2.0 and expanded support for application build systems.

$RHT {{ '2017-06-29T13:02:58+0000' | timeago}} • Announcement

$RHT has opened its new facility in the Seaport District of Boston. It is Red Hat’s second location in the greater Boston area and complements its worldwide engineering and product headquarters located in Westford, Massachusett.

$RHT {{ '2017-06-20T22:03:07+0000' | timeago}} • Webcast

$RHT saw a tick up in its services business during 1Q18 and still sees continued momentum through 2Q18, helped by the emerging products bookings happened in 3Q17 and 4Q17. The company, however, expects the momentum to be tapering off in second half of the year.

$RHT {{ '2017-06-20T21:27:17+0000' | timeago}} • Webcast

$RHT continues to see bookings growth across geographies. For 1Q18, 55% of bookings came from the Americas, 24% from EMEA and 21% from Asia Pacific versus a 60%, 21%, 19% split in 1Q17. The Asia-Pacific and EMEA regions had the strongest growth, while North America performance offset by the continued external challenges in Latam region.

$RHT {{ '2017-06-20T21:20:16+0000' | timeago}} • Webcast

During 1Q18, $RHT drove a 40% growth in application development-related and other emerging technology subscription revenue, which now has an annual run rate of over $500MM. The company said its largest customers continue to expand their commitments, as the company renewed all of its top 25 largest deals during 1Q18.

$RHT {{ '2017-06-20T21:15:18+0000' | timeago}} • Webcast

For 1Q18, $RHT delivered its highest Q1 total revenue growth rate in four years at 19%. The company's subscription revenue for infrastructure-related offerings, which mainly comprised of flagship Red Hat Enterprise Linux (RHEL) technologies, is approaching a $2Bil annual run rate and grew 14% YoY in the first quarter.

$RHT {{ '2017-06-20T20:45:43+0000' | timeago}} • Infographic

$RHT Red Hat Earnings AlphaGraphic: Q1 2018 Highlights

$RHT {{ '2017-06-20T20:45:15+0000' | timeago}} • Announcement

For 2Q18, $RHT sees revenue of $695-702MM. Diluted GAAP EPS is expected to be approx $0.43 per share and non-GAAP EPS is expected to be about $0.67 per share. A GAAP operating margin of about 15.7% is predicted.

$RHT {{ '2017-06-20T20:42:09+0000' | timeago}} • Announcement

For FY18, $RHT expects revenue to be approx $2.785-2.825Bil. Diluted GAAP EPS is expected to be about $1.76 to $1.80 per share and GAAP operating margin is anticipated to be around 15.4%. Operating cash flow is predicted to be between $850MM and $870MM.

$RHT {{ '2017-06-20T20:36:44+0000' | timeago}} • Announcement

In 1Q18, $RHT reported Subscription Revenue of $596.5MM, an increase of 19% YoY. Meanwhile, revenue from Training and Services grew to $80.2MM from $66.2MM in the same period last year.

$RHT {{ '2017-06-20T20:32:40+0000' | timeago}} • Announcement

$RHT, a provider of open source solutions, reported double digit growth in both revenue and income in 1Q18, as global demand continued to grow. Net income was $73MM, or $0.40 per share, compared with $61MM, or $0.33 per share a year ago. On an adjusted basis, net income was $0.56 per share. Total revenue was $677MM, up 19% YoY.

$RHT {{ '2017-05-25T14:48:56+0000' | timeago}} • Announcement

$RHT signed a definitive agreement to acquire Codenvy, a provider of cloud-native development tools. The transaction is expected to have no material impact on Red Hat’s guidance for 1Q18 or FY18.

$RHT {{ '2017-04-18T20:38:27+0000' | timeago}} • Announcement

$RHT appointed Eric Shander as EVP and CFO, effective April 18, 2017. As $RHT’s CFO, Shander will be responsible for leading the company’s global finance organization, reporting to president and CEO Jim Whitehurst. Shander most recently served as $RHT's acting CFO, and VP and chief accounting officer.

$RHT {{ '2017-03-27T22:43:52+0000' | timeago}} • Webcast

$RHT said that it had larger deals in FY17 because of the higher price points of OpenStack and OpenShift. Enterprises accelerated their application migration to more modern architecture, which helped $RHT to get larger deals in FY17.

$RHT {{ '2017-03-27T22:08:19+0000' | timeago}} • Webcast

For FY18, $RHT plans to continue to invest in sales, services and support, and engineering services. The company is going to assess each year as it comes. $RHT is seeing the payback from the investments made in the emerging technologies, which allowed the company to expand in FY18.

$RHT {{ '2017-03-27T21:39:19+0000' | timeago}} • Webcast

$RHT said that 67% of bookings came from the Americas, 21% from EMEA and 12% from Asia-Pacific in 4Q17. The company plans to add about 1,000 net new associates or approx. 10% headcount growth in FY18 compared to 19% in the previous fiscal year.

$RHT {{ '2017-03-27T21:23:26+0000' | timeago}} • Webcast

In 4Q17, $RHT's all of the top 30 deals were $3.5MM or greater in size. 16 deals were in excess of $5MM and of these, four deals were more than $20MM. Like 4Q16, the top vertical for the recently ended quarter was telecom where the company closed a number of new, large deals with several global telecom providers.

$RHT {{ '2017-03-27T21:16:58+0000' | timeago}} • Announcement

$RHT said total backlog for FY17 was in excess of $2.7Bil, up 28% YoY. At the end of the fiscal year, Red Hat’s total deferred revenue balance was $2.1Bil, an increase of 20% YoY.

$RHT {{ '2017-03-27T21:13:41+0000' | timeago}} • Announcement

$RHT's revenue from Subscription in 4Q17 was $560MM, up 17% YoY. It contributed 89% of total revenue. Meanwhile, revenue from Training and Services rose 8% to 69.2MM.

$RHT {{ '2017-03-27T21:13:41+0000' | timeago}} • Infographic

$RHT Red Hat Earnings AlphaGraphics: Q4 2017 Highlights

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