Red Hat Reports Q1 2014: Revenue $363 Million, Better Than Predicted

Posted on Jun 20 2013 - 3:01am by Karan Chopra

RedHat

Red Hat today reported its first quarter financial earnings for its 2014 year. The company reported the revenue of $363 million, did better than expected as analysts predicted that the company would earn $360 million in revenues. Although the company has not disclosed its earnings per share, but as per analysts prediction, the expected earnings per share was $0.31. The company’s subscription revenue rose 19% year over year to $303 million in Q1 2014.

The Numbers:

  • That revenue figure was up 15 percent year over year
  • Subscription revenue was $316 million, up 16 percent year over year
  • Operating income (non-GAAP) was $87 million, up 7 percent year over year
  • Operating cash flow was $142 million, up 14 percent year over year
  • Operating margin (non-GAAP) was 23.9 percent.

Photo Credit: Leonid Mamchenkov via photopin cc

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Karan Chopra, CEO at G2One Network An Internet Media Company), Founder at 99DollarWebsite and Editor/Writer at I2Mag, JustWP.org, CodeAndMe.net, TechEXplained.org, JustInfo.Graphics, HowToWebDesign.org, NextBigProduct and WPLove.co. Karan is an internet enthusiast, who loves to explore every second thing in both technology and business. You can find him on Facebook , Twitter and Google+.