Red Hat Reports Fiscal Third Quarter Results

Red Hat Reports Fiscal Third Quarter Results

Red Hat, Inc. (NASDAQ:RHAT), the world’s leading provider of open source solutions to the enterprise, today announced financial results for its fiscal third quarter ended November 30, 2005.

Total revenue for the quarter was $73.1 million, an increase of 44% from the year ago quarter and 11% from the prior quarter. Subscription revenue was $60.2 million, up 54% year-over-year and 11% sequentially.

The company reported operating income of $18.7 million, representing a 147% increase from the year ago quarter and a 57% increase from the prior quarter. Net income for the quarter was $23.2 million, up 114% year-over-year and 39% sequentially. Earnings per diluted share were $0.12 for the quarter, an increase from $0.09 in the prior quarter and $0.06 in the year ago quarter.

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