Featured Articles

Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
TSMC 16nm FinFET Plus in risk production

TSMC 16nm FinFET Plus in risk production

TSMC’s next generation 16nm process has reached an important milestone – 16nm FinFET Plus (16FF+) is now in risk production.

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Tuesday, 24 September 2013 08:27

Red Hat’s growth slowing down

Written by Nick Farrell

Worse than expected

The world's largest commercial distributor of the Linux operating system, Red Hat reported a slower growth in billings than the cocaine nose jobs of Wall Street expected.

Red Hat's billing proxy, which the company defines as total revenue combined with the change in deferred revenue, grew 8 percent to $376 million in the second quarter. However analysts expected billings to grow 14 percent and that announcement caused shares to tumble.

This is now the third quarter in a row that Red Hat has failed to meet analysts’ expectations on deferred revenue and Red Hat's ability to sustain billings growth at a mid-teen percentage rate was questionable.

Regions outside the United States accounted for 43.3 percent of Red Hat's revenue and the outfit said it was expecting third-quarter adjusted earnings of 34-35 cents per share on revenue of about $381-$384 million. Analysts were expecting earnings of 34 cents per share on revenue of $391.5 million.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments