Red Hat Inc. is a leading developer and provider of open source software and services, including the Red Hat Linux operating system. Unlike proprietary software, open source software has publicly available source code and can be copied, modified and distributed with minimal restrictions. The web site, REDHAT.COM, is a leading online source of information and news about open source software and one of the largest online communities of open source software users and developers.
Industry:COMP-SOFTWARE Sector: Computer and Technology Fiscal Year End:February Last Reported Quarter:02/29/12 Next EPS Date:06/20/12
Capital Structure Solvency and Cash Flow
Balance Sheet
Exiting 2Q11, Red Hat had cash and cash equivalents of approximately $1.64 billion versus $968.0 million in 1Q11. Days’ sales outstanding were 49 days, compared with 53 days in 1Q11 and 54 days in 2Q10.
Total deferred revenue balance was $649.6 million, up 4% sequentially, and up 12% y/y. Current deferred revenue increased 15% y/y (+3% sequentially), while long-term deferred revenue increased 3% y/y (more than 6% sequentially).
Cash Flow
Operating cash flow was $64.3 million in 2Q11 versus $60.6 million in 1Q11. For FY11, operating cash flow guidance remained unchanged at $280.0–$290.0 million.
Stock Repurchase
During 2Q11, the company repurchased 5.0 million shares as compared with 2.5 million shares in 1Q11.
Last edited Thu Dec 23, 2010 06:32 AM by MadhubantiMaitra (Zacks Investment Research)
Governance Social Responsibility and Employee Relations
Red Hat recently acquired Makara, a developer of deployment and management solutions for applications in the cloud. Makara's technologies will accelerate the development of Red Hat’s comprehensive Platform-as-a-Service (PaaS) solution as part of its Cloud Foundation portfolio. Red Hat introduced Cloud Foundations in June 2010.
Last edited Thu Dec 23, 2010 06:33 AM by MadhubantiMaitra (Zacks Investment Research)
Recent and Upcoming Events
Major Risks
Pricing pressure is expected to affect the company in the near future.
The acquisition of JBoss will increase competition for RHT from its channel partners, such as IBM and ORCL.
Last edited Thu Dec 23, 2010 06:34 AM by MadhubantiMaitra (Zacks Investment Research)
Created by: WikiMigrationBot.
Last Modification: Thursday 03 of June, 2010 08:46:05 CDT by WikiMigrationBot.
