RedHat (RHT 45.87 +2.10) reported first quarter earnings of $0.24 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus Estimate of $0.22.
Revenues rose 26.6% year/year to $264.7 million vs. the $253.8 million consensus.
Operating cash flow was $90.2 million for the first quarter, as compared to $60.6 million in the year ago quarter.
At quarter end, the company's total deferred revenue balance was $786.0 million, an increase of 26% on a year-over-year basis. Total cash, cash equivalents and investments as of May 31, 2011 was $1.27 billion.






