Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Red Hat Profits Slip on Strong Sales
Red Hat's earnings dropped 30% to $16 million, eight cents share, in its fourth quarter ended in February

Red Hat's earnings dropped 30% to $16 million, eight cents share, in its fourth quarter ended in February. Revenue was up 18% year-over-year but up only 1% sequentially to $166.2 million.

The company's 22-cents-a-share non-GAAP income was two cents better than expected thanks to cost cutting and stock buybacks that lowered the number of shares outstanding and so boosted EPS. Wall Street thought it would clear $167 on the revenue side.

Red Hat said subscription revenue for the quarter was $139.4 million, up 14% year-over-year and 3% sequentially. It said all of its top accounts renewed with a revenue value of 132%.

Its margin on subscriptions worked out to 94%. Its overall gross margin was 86%.

For the full year, revenue was $652.6 million, up 25%, and subscription revenue was $541.2 million, up 20%.

The company said deferred revenue at the end of the fiscal year came to $543.1 million, up 15% year-over-year and 8% sequentially.

Billings during the quarter topped $200 million, 44% direct, and it said it brought in more than 100 deals in excess of $250,000. Apparently it also got three deals worth $5 million and 18 worth a million. JBoss sales are evidently picking up, at least in some of its larger accounts.

Red Hat claims its value proposition is compelling given the economy. However, that same value proposition continues to deny it revenues of a billion dollars a year.

CEO Jim Whitehurst, on board a year now, said the company would put its shoulder into weaning folks off of free Linux software this fiscal year. He said their number "dwarfs" those paying for Red Hat software.

In the fourth quarter Red Hat managed to get one free-to-paid multi-year crossover account worth, he said, multimillions of dollars. The account is now one of its top 30 customers.

Red Hat is also hoping to push deeper into the mainstream this year and grow market share. It wants to expand its channel play too.

In its last fiscal year it said it picked up 40,000 new customers, most of them obviously small.

Despite the economy it's guiding to double-digit growth of 10%-13% and forecasting revenues of $720 million-$735 million for the year, returning non-GAAP earnings of 58 cents-63 cents a share. For the quarter it's projecting revenues of $171 million-$173 million.

It's got $846.1 million in the bank and practically no debt. It has 2,900 people.

About Maureen O'Gara
Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

In order to post a comment you need to be registered and logged in.

Register | Sign-in

Reader Feedback: Page 1 of 1

Latest Cloud Developer Stories
SUSE is a German-based, multinational, open-source software company that develops and sells Linux products to business customers. Founded in 1992, it was the first company to market Linux for the enterprise. Founded in 1992, SUSE is the world's first provider of an Enterprise ...
Artifex Software began 25-years ago with Ghostscript, a page description language (PDL) interpreter software prevalent in printing and related applications requiring rendering and/or conversion from one software language to another. Founded by renowned computer scientist Dr. L. P...
Blockchain has shifted from hype to reality across many industries including Financial Services, Supply Chain, Retail, Healthcare and Government. While traditional tech and crypto organizations are generally male dominated, women have embraced blockchain technology from its incep...
In an age of borderless networks, security for the cloud and security for the corporate network can no longer be separated. Security teams are now presented with the challenge of monitoring and controlling access to these cloud environments, as they represent yet another frontier...
Every organization is facing their own Digital Transformation as they attempt to stay ahead of the competition, or worse, just keep up. Each new opportunity, whether embracing machine learning, IoT, or a cloud migration, seems to bring new development, deployment, and management ...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
Most Read This Week
ADS BY GOOGLE