Red Hat Reports 3Q'12 Results

Red Hat (RHT) reported 3Q'12 results after the market closed yesterday (02012.12.20). I liked the results. Red Hat continues to be a growth company. It's possible that someday the "The Accidental Quadruple" will be written.

From Red Hat's 3Q'12 press release.

Total cash, cash equivalents and investments as of November 30, 2012 were $1.35 billion. [...] In Q3, we used our strong balance sheet and cash flow to repurchase approximately $52 million of common stock.

RHT closed yesterday (02012.12.20) at $52.61. 52-week range: $40.34 - $62.75. RHT is well below the accidental quadruple price of $67.48.

[update::02012.12.21] Oops... I wanted to make the following observation. At the end of 2Q'12, Red Hat had "total cash" of $1.36 billion. The company ended 3Q'12 with $1.35 billion in cash, yet it spent $52 million on its own shares.