Key Developments: Red Hat Inc (RHT.N)

RHT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Red Hat Inc launches first open source release of ManageIQ Software
Thursday, 19 Jun 2014 09:00am EDT 

Red Hat Inc:Launches ManageIQ community with the availability of ManageIQ's fully open-sourced code repository and the first builds of the project.Says ManageIQ community aims to provide the industry's leading open source cloud management platform with advanced governance and automation capabilities.Since plans for the ManageIQ community were announced in May 2014, several additional partners have joined the community, including BBVA, Cloudsoft, Gandi.net, ICE Systems, and VMTurbo.  Full Article

Red Hat Inc raises FY 2015 revenue guidance; lowers FY 2015 EPS guidance - Conference Call
Wednesday, 18 Jun 2014 05:00pm EDT 

Red Hat Inc:Raises FY 2015 revenue guidance by $30 million to a range of $1.760 billion to $1.785 billion.Revises FY 2015 guidance for non-GAAP EPS in the range of $1.52 to $1.54 per share.FY 2015 revenue of $1.749 billion and EPS of $1.55 per share - Thomson Reuters I/B/E/S.  Full Article

Red Hat Inc to acquire eNovance
Wednesday, 18 Jun 2014 08:00am EDT 

Red Hat Inc:Signs definitive agreement to acquire eNovance, a provider of open source cloud computing services.Consideration for acquisition is about 50 mln Euros in cash and 20 mln Euros in shares of Red Hat common stock.  Full Article

Red Hat Inc announces collaboration with SAP AG
Monday, 2 Jun 2014 09:30am EDT 

Red Hat Inc:Expansion of company's strategic alliance with SAP AG to make it easier for customers to adopt and run SAP Data Management portfolio, including SAP HANA platform, SAP Adaptive Server Enterprise (SAP ASE), SAP IQ software, andSAP SQL Anywhere suite on Red Hat's open source solutions.Expanded collaboration is expected to enable real-time, in-memory innovation by providing an open, scalable, integrated and highly-available platform for solutions from SAP.  Full Article

Red Hat announces acquisition of Inktank
Wednesday, 30 Apr 2014 08:00am EDT 

Red Hat Inc:To acquire Inktank, a provider of scale-out, open source storage systems.Paid about $175 mln in cash.Red Hat will assume unvested Inktank equity outstanding on the closing date and issue certain equity retention incentives.Transaction is expected to close in May 2014.  Full Article

Red Hat Inc reaffirms FY 2015 guidance
Wednesday, 30 Apr 2014 08:00am EDT 

Red Hat Inc:Reaffirms FY 2015 guidance provided on March 27 earnings call, for revenue, non-GAAP operating margin, non-GAAP earnings per share and operating cash flow.Non-GAAP operating margin and EPS estimates exclude the impact of stock-based compensation and amortization of acquisition-related intangibles.FY 2015 revenue of $1.747 billion and EPS of $1.55 per share - Thomson Reuters I/B/E/S.  Full Article

Red Hat Inc reaffirms FY 2015 revenue guidance - Conference Call
Wednesday, 16 Apr 2014 01:30pm EDT 

Red Hat Inc:Reaffirms FY 2015 guidance $1.73 billion to $1.755 billion, that is a $25 million gap on over $1.7 billion in revenue.FY 2015 revenue of $1.748 billion - Thomson Reuters I/B/E/S.  Full Article

Red Hat Inc gives FY 2015 guidance below analysts' estimates-Conference Call
Thursday, 27 Mar 2014 05:00pm EDT 

Red Hat Inc:Forecasts FY 2015 total revenue in the range of $1.730 billion to $1.755 billion and diluted non-GAAP EPS in the range of $1.54-$1.56 per share.FY 2015 revenue of $1.757 billion & EPS of $1.63 per share - Thomson Reuters I/B/E/S.  Full Article

British Airways chooses Red Hat Inc's Enterprise Virtualization to mprove IT Systems to build internal cloud
Wednesday, 5 Feb 2014 08:30am EST 

Red Hat Inc:Says British Airways has deployed Red Hat Enterprise Virtualization on its infrastructure.Says through this Red Hat technology, British Airways is benefiting from a available and scalable IT architecture.  Full Article

Red Hat Inc gives Q4 2014 EPS outlook; revenue outlook above analysts' estimates; raises FY 2014 outlook - Conference Call
Thursday, 19 Dec 2013 05:00pm EST 

Red Hat Inc:Sees Q4 2014 revenue to be about $397 mln to $400 mln and non-GAAP EPS to be about $0.36 to $0.38.Sees FY 2014 revenue guidance to be in the range of $1.531 bln to $1.534 bln, which is up from previous guidance of $1.51 bln to $1.52 bln.Sees FY 2014 non-GAAP EPS to be in the range of $1.46 to $1.48.Q4 2014 revenue of $394 mln, EPS of $0.36 - Thomson Reuters I/B/E/S.FY 2014 revenue of $1.52 bln, EPS of $1.38 - Thomson Reuters I/B/E/S.  Full Article

CORRECTED-UPDATE 2-Red Hat raises revenue forecast on strong subscription growth (June 18)

(In June 18 story, corrects paragraph 1 to say company raised full-year revenue, not adjusted profit, forecast. Corrects paragraph 5 to say company cut its full-year adjusted profit forecast to $1.52-$1.54 per share, not raised it to $1.59-$1.61)

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