Friday, December 20, 2013

Red Hat (RHT) Reports Solid 3Q'14 Results

Red Hat (RHT) reported 3Q'14 results after the market closed yesterday (02013.12.19) and today (02013.12.20) RHT spiked to a new 52-week high. RHT closed yesterday at $49.00 and today it gapped open at $56.42.

The following paragraph was copied from Red Hat's 3Q'14 press release.

Operating cash flow was $95 million for the third quarter, as compared to $100 million in the year ago quarter. At quarter end, the company’s total deferred revenue balance was $1.12 billion, an increase of 14% on a year-over-year basis. Total cash, cash equivalents and investments as of November 30, 2013 was $1.33 billion after repurchasing approximately $40 million of common stock, or approximately 920 thousand shares, in the third quarter. Red Hat has repurchased approximately $239 million of common stock, or approximately 5.0 million shares, during the first nine months of fiscal 2014.

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