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Market Update : 
Red Hat Q4 Earnings Call Transcript
Author: 123jump.com Staff
123jump.com
Last Update: 11:33 AM ET March 31 2009


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The open source software developer fourth quarter revenue grew 18% to $166.2 million riding on record software license sales while earnings dropped 27% to $16 million. Earnings per share were 8 cents against 10 cents in the year ago quarter.

 
Tim Klasell – Thomas Weisel Partners

Okay. And just have a follow on to the final question. Has there been a change in your JBoss pipeline per se? If you are talking about making migration obviously off of other proprietary application servers. In the past, was it primarily a green field opportunity, new applications being deployed and now are we beginning to see more migration, is that a signal there?

James Whitehurst

I think the pipeline remains strong, but I don''t know that there is any – necessarily any major change. We are seeing situations where some customers are asking about migrations off of proprietary platforms, but and maybe a little bit more than before. But that''s about all.

Tim Klasell – Thomas Weisel Partners

Okay.

James Whitehurst

There are some customers who with the dislocation around partners and others around the BEA-Oracle merger, that have wanted to look at alternatives.

Tim Klasell – Thomas Weisel Partners

Okay, great and then percentage of bookings greater than a year?

James Whitehurst

Yes, I will have to follow up with you on that, because we have to get on to the next couple of questions in a few minutes.

Tom McCallum

Next question operator.

Operator

Your next question is from the line of Richard Williams with Cross Research.

Richard Williams – Cross Research

Hi. Thanks for taking the question. Could you give us a little more color on the geographies, please?

James Whitehurst

I think what I said in my remarks is really all geographies were strong. In terms of the percentage for APAC which was 15% of the bookings. It looks a little bit lower but its primarily because of the currency situation in APAC, so really globally, we had pretty good performance.


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