View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 31, 2009

Red Hat reports strong Q4 sales

Subscription revenue grew 14% to $139.4m

By CBR Staff Writer

Open source software vendor Red Hat has reported a 27% decline in net income to $16m for the fourth quarter 2009 on revenue up 18% at $166.22m.

Operating income during the quarter grew 11% to $20.23m, while diluted EPS fell 20% to $0.08. The company generated operating cash flow of $60m. The company said subscription revenue grew 14% to $139.4m and training and services grew 37% to $27m.

For fiscal 2009, the company reported a 3% increase in net income to $79m compared to net income of $77m, on revenue up 25% at $652.57m.

Charlie Peters, executive vice president and CFO at Red Hat, said: Solid execution and focused expense management enabled us to exceed our guidance for non-GAAP operating margins and EPS for the fourth quarter. We ended the year with cash and cash equivalents and investments of $846m and essentially no debt. During the year, we redeemed $570m in convertible debt and repurchased 2.9 million shares of the company’s common stock, which reduced our diluted share count by more than 10%.

In the first quarter 2010, the company expects revenue between $171m and $173m. For fiscal 2010, it expects revenue between $720m and $735m.

Content from our partners
Technology and innovation can drive post-pandemic recovery for logistics sector
How to engage in SAP monitoring effectively in an era of volatility
How to turn the evidence hackers leave behind against them

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU