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Red Hat Inc (RHT)

RHT on New York Consolidated

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22 Feb 2019
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Latest Key Developments (Source: Significant Developments)

IBM Says Client Response To Red Hat Deal Been "Overwhelmingly Positive"
Tuesday, 22 Jan 2019 05:31pm EST 

Jan 22 (Reuters) - International Business Machines Corp ::IBM SAYS TOTAL SERVICES REVENUE WAS UP 2 PERCENT IN QUARTER - CONF CALL.IBM SAYS ENTERED QUARTER WITH A "GOOD PIPELINE OF SOFTWARE OPPORTUNITIES" - CONF CALL.IBM SAYS CLIENT RESPONSE TO RED HAT ANNOUNCEMENT HAS BEEN "OVERWHELMINGLY POSITIVE" - CONF CALL.IBM SAYS MOVING THROUGH REGULATORY PROCESS AND CONTINUE TO EXPECT TO RED HAT DEAL CLOSE IN H2 2019 - CONF CALL.IBM SAYS Q4 INCLUDES CURRENCY HURT TO REVENUE OF OVER $500 MILLION, WHICH IS $150 MILLION MORE THAN MID-OCTOBER SPOT RATES SUGGESTED - CONF CALL.IBM SAYS RESULTING TAX RATE IN THE FOURTH QUARTER WAS 12 PERCENT, WHICH IS UP ABOUT 6 POINTS YEAR-TO-YEAR - CONF CALL.IBM - RECENT DIVESTITURES RELATIVELY NEUTRAL TO 2019 EARNINGS, ARE HEADWIND TO FCF AS GAIN PROCEEDS FLOW INTO INVESTING SECTION OF CASH FLOW STATEMENT.IBM SAYS WHILE IT HASN'T INCLUDED RED HAT IN GUIDANCE, HAS TAKEN INTO ACCOUNT ESTIMATE OF PRE-CLOSING FINANCING COSTS ASSOCIATED WITH DEAL - CONF CALL.IBM SAYS "WE MADE GOOD PROGRESS THROUGH 2018, AND IT POSITIONS US VERY WELL TO EXPAND MARGINS IN 2019" - CONF CALL.IBM SAYS EXPECT MORTGAGE BUSINESS DIVESTITURE TO CLOSE LATER IN Q1; WILL BE HEADWIND THIS YEAR TO GBS REVENUE - CONF CALL.IBM SAYS "WE ARE DOING PORTFOLIO PRIORITIZATION IN GTS" - CONF CALL.IBM SAYS "WE ARE WALKING AWAY FROM LOW VALUE-BASED CONTENT IN GTS" - CONF CALL.IBM SAYS WE'LL SEE CONTINUED MARGIN EXPANSION IN GTS AS WE MOVE FORWARD - CONF CALL.  Full Article

IBM Reports Q4 Operating (Non-GAAP) Eps $4.87
Tuesday, 22 Jan 2019 04:07pm EST 

Jan 22 (Reuters) - IBM ::Q4 GAAP EPS FROM CONTINUING OPERATIONS $2.15; Q4 OPERATING (NON-GAAP) EPS $4.87.Q4 REVENUE OF $21.8 BILLION, DOWN 3 PERCENT (DOWN 1 PERCENT ADJUSTING FOR CURRENCY).SEES 2019 OPERATING (NON-GAAP) EPS OF AT LEAST $13.90; SEES 2019 GAAP EPS OF AT LEAST $12.45.SEES 2019 FREE CASH FLOW OF ABOUT $12 BILLION.SAYS RECORDED CHARGES OF $1.9 BILLION IN Q4 RELATED TO U.S. TAX CUTS AND JOBS ACT OF 2017.Q4 GAAP GROSS PROFIT MARGIN FROM CONTINUING OPERATIONS OF 49.1 PERCENT VERSUS 46.9 PERCENT REPORTED IN Q3.Q4 OPERATING (NON-GAAP) GROSS PROFIT MARGIN OF 49.5 PERCENT VERSUS 47.4 PERCENT REPORTED IN Q3.SAYS FY CLOUD REVENUE OF $19.2 BILLION, UP 12 PERCENT.SAYS FY STRATEGIC IMPERATIVES REVENUE OF $39.8 BILLION, UP 9 PERCENT.SAYS DEBT TOTALED $45.8 BILLION AT Q4-END, INCLUDING GLOBAL FINANCING DEBT OF $31.2 BILLION.2019 NON-GAAP OPERATING EPS GUIDANCE EXCLUDES $0.91/SHARE OF ACQUISITION-RELATED CHARGES, INCLUDING PRE-CLOSING CHARGES ASSOCIATED WITH RED HAT DEAL.Q4 EARNINGS PER SHARE VIEW $4.82, REVENUE VIEW $21.71 BILLION -- REFINITIV IBES DATA.  Full Article

Polyverse Announces Technology Partnership With Red Hat
Tuesday, 8 Jan 2019 12:56pm EST 

Red Hat Inc ::POLYVERSE ANNOUNCES TECHNOLOGY PARTNERSHIP WITH RED HAT.  Full Article

Red Hat Q3 Earnings Per Share $0.54
Tuesday, 19 Dec 2017 04:15pm EST 

Dec 19 (Reuters) - Red Hat Inc ::RED HAT REPORTS THIRD QUARTER RESULTS FOR FISCAL YEAR 2018.Q3 REVENUE $748 MILLION VERSUS I/B/E/S VIEW $734.8 MILLION.SEES Q4 NON-GAAP EARNINGS PER SHARE ABOUT $0.81.SEES FY 2018 NON-GAAP EARNINGS PER SHARE ABOUT $2.88.SEES FY 2018 GAAP EARNINGS PER SHARE ABOUT $2.02.SEES Q4 GAAP EARNINGS PER SHARE ABOUT $0.54.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.73.Q3 GAAP EARNINGS PER SHARE $0.54.SEES FY 2018 REVENUE ABOUT $2.906 BILLION TO $2.911 BILLION.SEES Q4 REVENUE ABOUT $758 MILLION TO $763 MILLION.Q3 EARNINGS PER SHARE VIEW $0.70 -- THOMSON REUTERS I/B/E/S.- AT QUARTER-END DEFERRED REVENUE BALANCE OF $2.11 BILLION, UP 23% YEAR-OVER-YEAR.- SUBSCRIPTION REVENUE FOR QUARTER WAS $657 MILLION, UP 21% IN USD YEAR-OVER-YEAR, OR 19% MEASURED IN CONSTANT CURRENCY.- FY GAAP OPERATING MARGIN IS EXPECTED TO BE APPROXIMATELY 16.1% AND FY NON-GAAP OPERATING MARGIN IS EXPECTED TO BE APPROXIMATELY 23.9%.  Full Article

Red Hat Q2 earnings per share $0.53
Monday, 25 Sep 2017 04:15pm EDT 

Sept 25 (Reuters) - Red Hat Inc :Red Hat reports second quarter results for fiscal year 2018.Q2 revenue $723 million versus I/B/E/S view $699.5 million.Sees q3 non-gaap earnings per share about $0.70.Sees FY 2018 non-GAAP earnings per share about $2.77 to $2.79.Sees FY 2018 GAAP earnings per share about $1.89 to $1.91.Sees Q3 GAAP earnings per share about $0.48.Q2 adjusted non-GAAP earnings per share $0.77.Q2 gaap earnings per share $0.53.Sees fy 2018 revenue about $2.88 billion to $2.895 billion.Sees Q3 revenue about $730 million to $737 million.Q2 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.Red hat inc - sees ‍q3 gaap operating margin is expected to be approximately 15.2%​.Red hat inc - sees ‍Q3 non-GAAP operating margin is expected to be approximately 23.7%​.Red Hat Inc - Q2 application development-related and other emerging technology subscription revenue of $150 million, up 44%.Red hat inc- FY GAAP operating margin is expected to be approximately 15.9% and fy non-gaap operating margin is expected to be approximately 23.8%.Q3 earnings per share view $0.70, revenue view $710.9 million -- Thomson Reuters I/B/E/S.FY2018 earnings per share view $2.69, revenue view $2.81 billion -- Thomson Reuters I/B/E/S.  Full Article

Red Hat says co and Kryptowire awarded contract by DHS Science and Technology Directorate
Wednesday, 6 Sep 2017 12:00pm EDT 

Sept 6 (Reuters) - Red Hat Inc ::DHS Science and Technology Directorate awards contract to Red Hat and Kryptowire to advance mobile application lifecycle security.Co, Kryptowire to collaborate on initiatives including a Red Hat mobile app platform extension that will use Kryptowire's testing capabilities.To also collaborate on optimization of Kryptowire's mobile application certification platform for Red Hat mobile application platform's processes​.  Full Article

Red Hat appoints Narendra Gupta as chairman of the board
Tuesday, 29 Aug 2017 04:15pm EDT 

Aug 29 (Reuters) - Red Hat Inc ::Red Hat appoints Narendra Gupta as new chairman of the board.‍Gupta succeeds retired U.S. Army Gen. H. Hugh Shelton​.  Full Article

Red Hat acquires Permabit assets
Monday, 31 Jul 2017 04:15pm EDT 

July 31 (Reuters) - Red Hat Inc :Red Hat acquires Permabit assets, eases barriers to cloud portability with data deduplication technology.Red Hat Inc - ‍transaction is expected to have no material impact to Red Hat's guidance for its second fiscal quarter ending Aug. 31, 2017​.Red Hat Inc - ‍transaction is expected to have no material impact to Red Hat's guidance for fiscal year ending Feb. 28, 2018​.  Full Article

Wipro collaborates with Red Hat for cloud application factory
Thursday, 22 Jun 2017 06:50am EDT 

June 22 (Reuters) - Wipro Ltd ::Says Wipro collaborates with Red Hat for cloud application factory powered by Red Hat openshift container platform.  Full Article

Red Hat Q1 adjusted non-GAAP earnings per share $0.56
Tuesday, 20 Jun 2017 04:15pm EDT 

June 20 (Reuters) - Red Hat Inc :Red Hat reports first quarter results for fiscal year 2018.Q1 revenue $677 million versus i/b/e/s view $647.8 million.Sees fy 2018 non-gaap earnings per share about $2.66 to $2.70.Sees Q2 non-gaap earnings per share about $0.67.Red Hat Inc - at quarter end, total deferred revenue balance of quarter-end deferred revenue balance of $2.05 billion, up 21% year-over-year.Sees FY 2018 gaap earnings per share about $1.76 to $1.80.Sees Q2 gaap earnings per share about $0.43.Q1 adjusted non-gaap earnings per share $0.56.Q1 gaap earnings per share $0.40.Sees fy 2018 revenue about $2.785 billion to $2.825 billion.Sees Q2 revenue about $695 million to $702 million.Q1 earnings per share view $0.53 -- Thomson Reuters I/B/E/S.Red Hat Inc - ‍q1 total subscription revenue of $597 million, up 19% year-over-year or 20% in constant currency​.Red Hat Inc sees for Q2 gaap operating margin to be approximately 15.7%.Red Hat Inc sees for Q2 non-gaap operating margin to be approximately 24.0%.Red Hat sees fy gaap operating margin expected to be approximately 15.4% and non-gaap operating margin expected to be approximately 23.6%.Fy2018 earnings per share view $2.63, revenue view $2.75 billion -- Thomson Reuters I/B/E/S.Q2 earnings per share view $0.65, revenue view $677.4 million -- Thomson Reuters I/B/E/S.  Full Article

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Berkshire trims Apple stake, adds Suncor and Red Hat, exits Oracle

Warren Buffett's Berkshire Hathaway Inc said it has trimmed its stake in iPhone maker Apple Inc, though none of the selling was Buffett's, and added positions in Canada's Suncor Energy Inc and software company Red Hat Inc.