- Red Hat (NYSE:RHT) shares are down 3.9% aftermarket despite Q3 results that beat EPS and revenue estimates. Upside Q4 guidance has revenue from $758M to $763M (consensus: $748.91M) and EPS at $0.81 (consensus: $0.75).
- More Q4 guidance: GAAP operating margin, 16.7%; non-GAAP operating margin, 24.6%.
- Upside FY18 guidance: revenue, $2.906B to $2.911B (consensus: $2.88B); GAAP operating margin, 16.1%; non-GAAP operating margin, 23.9%; EPS, $2.88 (consensus: $2.78).
- Subscription revenue breakout: Infrastructure-related offerings, $495M (+14% Y/Y in constant currency); Application Development-related and other emerging tech, $162M (+42%).
- Key metrics: GAAP operating margin, 15.8% (guidance: 15.2%); deferred revenue, $2.11B (+19% Y/Y); operating cash flow, $160M (+18%); cash and equivalents, $2.32B.
- Press release
- Listen to Red Hat's earnings call at 5 p.m. ET here.
- Previously: Red Hat beats by $0.03, beats on revenue (Dec. 19)
- Now read: Stocks To Watch: Tax Reform Heads To The Finish Line
Original article