Red Hat (RHT) Reports 4Q'16 Results

Red Hat (RHT) reported 4Q'16 results after the market closed yesterday (02016.03.22) and today (at 11:06am EDT) RHT is down almost 4% at $72.77. 52-week range: $59.59 - $84.44.

From the company's press release.

"Enterprises increasingly adopting hybrid cloud infrastructures and open source technologies drove our strong results. The fourth quarter marked our 56th consecutive quarter of revenue growth, contributing to Red Hat’s first fiscal year crossing $2 billion in total revenue," stated Jim Whitehurst, President and Chief Executive Officer of Red Hat.

On 02016.02.29, Red Hat $2.0 billion in cash and still had $237 million reserved to buyback RHT shares.