Red Hat Reports Fiscal Second Quarter Results
Enterprise Linux / News
Date: Sep 21, 2004 - 07:37 AM
"Red Hat, Inc. (Nasdaq:RHAT), the world's leading provider of open source solutions to the enterprise, today announced financial results for the second quarter ended August 31, 2004.|
Revenue for the second quarter of fiscal 2005 was $46.3 million, 60% higher than the second quarter of fiscal 2004 and a sequential increase of 11% when compared to $41.8 million in the first quarter of fiscal 2005.
For the second quarter of fiscal 2005, the company reported net income of $11.8 million, or $0.06 per share. This represents an increase of 225% over net income in the same quarter a year ago, and an increase of 8% over net income of $10.9 million, or $0.06 per share, in the prior quarter.
The company generated $30.8 million, or $0.16 per share, in cash flow from operations during the second quarter of fiscal 2005. The company ended the quarter with cash and investments totaling $997.7 million.
In the second quarter of fiscal 2005, the company increased its deferred revenue balance to $99.7 million, a sequential increase of $11 million, or 12%, as compared to the first quarter of fiscal 2005.
Highlights for the second quarter include:
Sales of subscriptions of Red Hat Enterprise Linux reached 144,000
115,000 subscriptions to enterprise IT servers, which includes
new subscriptions and renewals.
29,000 new subscriptions to HPC/hosting marketplace and desktops.
Operating profit increased to $6.7 million, or 15% of total
10% addition to the workforce as the company expands globally."
This article comes from OSDir.com
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