Red Hat RHT on Thursday afternoon reported adjusted quarterly earnings of $1 per share, which beat the analyst consensus estimate of 86 cents. This is a 38.89% increase over earnings of 72 cents per share from the same period last year.
The company reported quarterly sales of $934 million, which beat the analyst consensus estimate of $931.59 million. This is a 14.81% increase over sales of $813.53 million the same period last year.
"Our large deal momentum remained strong, as we doubled the number of deals over $5 million and saw 15% growth in the number of deals over $1 million from the year-ago quarter," said Eric Shander, Executive Vice President and CFO. "Many of these deals contained emerging technologies, including an OpenStack deal for over $5 million and our largest ever storage and hyperconverged deal for over $15 million. The breadth of our success demonstrates that customers can realize significant value across our product portfolio."
Red Hat shares closed Thursday's session at $188.25.
Related Links:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.