Red Hat Inc. Q1 Profit Rises 13%

(RTTNews) - Red Hat Inc. (RHT) released earnings for its first quarter that climbed compared to the same period last year.

The company said its bottom line climbed to $92.18 million, or $0.50 per share. This was up from $81.46 million, or $0.44 per share, in last year's first quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 18.1% to $567.90 million. This was up from $481.00 million last year.

Red Hat Inc. earnings at a glance:

-Earnings (Q1): $92.18 Mln. vs. $81.46 Mln. last year. -Earnings Growth (Y-o-Y): 13.2% -EPS (Q1): $0.50 vs. $0.44 last year. -EPS Growth (Y-o-Y): 13.6% -Analysts Estimate: $0.50 -Revenue (Q1): $567.90 Mln vs. $481.00 Mln last year. -Revenue Change (Y-o-Y): 18.1%

-Guidance: Next quarter EPS guidance: $0.54 Next quarter revenue guidance: $587 - $593 Mln Full year EPS guidance: $2.19 - $2.23 Full year revenue guidance: $2.38 - $2.42 Bln