Red Hat Inc. Earnings Rise 15% In Q2

(RTTNews) - Red Hat Inc. (RHT) announced a profit for its second quarter that rose compared to the same period last year.

The company said its bottom line came in at $101.23 million, or $0.55 per share. This was up from $87.81 million, or $0.47 per share, in last year's second quarter.

Analysts had expected the company to earn $0.54 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 19.0% to $599.81 million. This was up from $504.15 million last year.

Red Hat Inc. earnings at a glance:

-Earnings (Q2): $101.23 Mln. vs. $87.81 Mln. last year. -Earnings Growth (Y-o-Y): 15.3% -EPS (Q2): $0.55 vs. $0.47 last year. -EPS Growth (Y-o-Y): 17.0% -Analysts Estimate: $0.54 -Revenue (Q2): $599.81 Mln vs. $504.15 Mln last year. -Revenue Change (Y-o-Y): 19.0%

-Guidance: Next quarter EPS guidance: $0.58 Next quarter revenue guidance: $613 - $623 Mln Full year EPS guidance: $2.23 - $2.25 Full year revenue guidance: $2.415 - $2.435 Bln