Red Hat Reports 2Q'13 Results

Red Hat (RHT) reported 2Q'13 results after the market closed today (02012.09.24). RHT is a widely followed stock and according to the headlines that I'm seeing it appears as though the company did not meet expectations. Might be a tough day for RHT tomorrow. I liked the following from Red Hat's 2Q'13 press release.

Operating cash flow was $103.9 million for the second quarter, as compared to $77.1 million in the year ago quarter. At quarter end, the company’s total deferred revenue balance was $944.4 million, an increase of 16% on a year-over-year basis. Total cash, cash equivalents and investments as of August 31, 2012 was $1.36 billion.

RHT closed today (02012.09.24) at $57.54. 52-week range: $37.85 - $62.75.

[02012.09.26] Quoting self: "Might be a tough day for RHT tomorrow." Today, 02012.09.26, the 'tomorrow' was yesterday and yesterday (02012.09.25) was a tough day. RHT closed at $55.08, down ~4.3%. Volume was 5M vs. t3m avg. of 3M.