$RHT Beats Estimates, Investors Sell on Low End Guidance

“Red Hat (NYSE: RHT  ) results for the company’s Q1 have been released. For the quarter, revenue was $348 million, a 17% improvement over the $297 million in the same period the previous year. Non-GAAP net income came in at $70 million ($0.36 per diluted share) from Q4 2011’s red figure of just under $57 million ($0.29).

On average, analysts had been projecting revenue of $349 million and EPS of $0.30….”

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