Red Hat Reports Q4 Results: Revenue Was $348 Million, Net Income Was $43 Million, EPS Was $0.22

Posted on Mar 28 2013 - 2:19am by Editorial Staff

RedHat

The open source solution provider Red Hat today announced its financial results for its fiscal fourth quarter and fiscal year ended February 28, 2013. The company reported the fourth quarter revenue of $348 million, up 17% year-over-year, while the full fiscal year revenue was $1.33 billion, up 17% year-over-year.

The company for the fourth quarter subscription revenue reported $303 million, up 19% year-over-year with the full fiscal subscription revenue of $1.15 billion, up 19% year-over-year. The fourth quarter operating cash flow was $137 million, up 7% year-over-year; full fiscal year operating cash flow of $465 million, up 19% year-over-year.

GAAP operating income for the fourth quarter and the full fiscal year 2013 was $50 million and $201 million, respectively while the GAAP operating margin was 14.4% in the fourth quarter and 15.1% for the full year. Non-GAAP operating income for the quarter was $84 million, or a 24.0% operating margin. Full year non-GAAP operating income was $326 million and full year non-GAAP operating margin was 24.6%.

GAAP net income for the fourth quarter was $43 million, or $0.22 per diluted share, compared with $35 million, or $0.18 per diluted share, for the prior quarter and $36 million, or $0.18 per diluted share, in the year ago quarter. Non-GAAP adjusted net income for the fourth quarter was $70 million, or $0.36 per diluted share.

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