RED HAT INC | 2013 | FY | 3


NOTE 22—Unaudited Quarterly Results

Below are unaudited condensed quarterly results for the year ended February 28, 2013:

 

     Year Ended February 28, 2013
Unaudited
 
     4th
Quarter
    3rd
Quarter
    2nd
Quarter
    1st
Quarter
 
     (in thousands, except per share data)  

Revenue:

        

Subscriptions

   $ 302,784      $ 294,186      $ 278,800      $ 272,571   

Training and services

     45,101        49,420        43,795        42,160   
  

 

 

   

 

 

   

 

 

   

 

 

 

Total subscription and training and services revenue

   $ 347,885      $ 343,606      $ 322,595      $ 314,731   

Gross profit

   $ 294,280      $ 290,488      $ 274,737      $ 268,712   

Income from operations

   $ 50,231      $ 49,919      $ 49,980      $ 50,908   

Interest income

   $ 1,861      $ 1,936      $ 2,154      $ 2,294   

Other income (expense), net

   $ (32   $ (730   $ (656   $ 1,887   

Net income, basic and diluted

   $ 42,973      $ 34,765      $ 35,005      $ 37,461   

Net income per common share (1):

        

Basic

   $ 0.22      $ 0.18      $ 0.18      $ 0.19   

Diluted

   $ 0.22      $ 0.18      $ 0.18      $ 0.19   

Weighted average shares outstanding:

        

Basic

     193,207        193,374        193,064        192,947   

Diluted

     195,133        195,666        195,795        195,937   

 

(1) Earnings per common share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly per common share information may not equal the reported annual earnings per common share.

 

Below are unaudited condensed quarterly results for the year ended February 29, 2012:

 

     Year Ended February 29, 2012
Unaudited
 
     4th
Quarter
    3rd
Quarter
    2nd
Quarter
     1st
Quarter
 
     (in thousands, except per share data)  

Revenue:

         

Subscriptions

   $ 255,167      $ 246,538      $ 238,337       $ 225,533   

Training and services

     41,844        43,488        42,983         39,213   
  

 

 

   

 

 

   

 

 

    

 

 

 

Total subscription and training and services revenue

   $ 297,011      $ 290,026      $ 281,320       $ 264,746   

Gross profit

   $ 252,738      $ 244,837      $ 234,681       $ 222,299   

Income from operations

   $ 48,504      $ 53,572      $ 52,478       $ 45,359   

Interest income

   $ 2,280      $ 2,075      $ 2,127       $ 1,936   

Other income (expense), net

   $ (155   $ (227   $ 326       $ (266

Net income, basic and diluted

   $ 35,968      $ 38,240      $ 39,968       $ 32,450   

Net income per common share (1):

         

Basic

   $ 0.19      $ 0.20      $ 0.21       $ 0.17   

Diluted

   $ 0.18      $ 0.19      $ 0.20       $ 0.17   

Weighted average shares outstanding:

         

Basic

     193,117        193,393        192,937         193,155   

Diluted

     195,879        196,468        196,171         196,287   

 

(1) Earnings per common share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly per common share information may not equal the reported annual earnings per common share.

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