Red Hat (RHT) Reports Solid 1Q'15 Results

Red Hat (RHT) reported 1Q'15 results after the market closed today (02014.06.18). In a nutshell: Red Hat--a world leader in Open Source Software--continues to grow. I liked Red Hat CEO Jim Whitehurst saying, "As evidence of this demand and Red Hat’s strong market position, we closed a record number of first quarter deals of a million dollars or more." I liked this tidbit from the 1Q'15 press release: "Total cash, cash equivalents and investments as of May 31, 2014 was $1.40 billion after repurchasing approximately $80 million, or approximately 1.6 million shares, of common stock in the first quarter."

RHT closed today (02014.06.18) at $53.10. 52-week range: $41.89 - $61.45.