RHT » Topics » Research and development

These excerpts taken from the RHT 10-K filed Apr 29, 2009.

Research and development

Research and development expense consists primarily of personnel and related costs for development of software technologies and systems management offerings. Research and development expense increased by 33.6% or $32.8 million to $130.2 million for the year ended February 28, 2009 from $97.4 million for the year ended February 29, 2008. The increase in research and development costs primarily resulted from both the expansion of our engineering group through direct hires and the acquisition of businesses and technologies. Employee compensation increased by $20.1 million. The remaining increase in research and development costs relates to process and technology infrastructure enhancements, which increased $9.6 million, and an increase of $3.0 million in the cost related to facilities expansion. Research and development expense was 19.9% and 18.6% of total revenue for the year ended February 28, 2009 and February 29, 2008, respectively. Investing in research and development has been a priority for Red Hat and we anticipate continued spending as we expand our capabilities in virtualization and other emerging technologies. Incremental costs described above related to Qumranet totaled $6.2 million for year ended February 28, 2009.

Research and development

SIZE="2">Research and development expense consists primarily of personnel and related costs for development of software technologies and systems management offerings. Research and development expense increased by 33.6% or $32.8 million to $130.2
million for the year ended February 28, 2009 from $97.4 million for the year ended February 29, 2008. The increase in research and development costs primarily resulted from both the expansion of our engineering group through direct hires
and the acquisition of businesses and technologies. Employee compensation increased by $20.1 million. The remaining increase in research and development costs relates to process and technology infrastructure enhancements, which increased $9.6
million, and an increase of $3.0 million in the cost related to facilities expansion. Research and development expense was 19.9% and 18.6% of total revenue for the year ended February 28, 2009 and February 29, 2008, respectively. Investing
in research and development has been a priority for Red Hat and we anticipate continued spending as we expand our capabilities in virtualization and other emerging technologies. Incremental costs described above related to Qumranet totaled $6.2
million for year ended February 28, 2009.

Research and development

Research and development expense increased by 37.1% or $26.4 million to $97.4 million for the year ended February 29, 2008 from $71.0 million for the year ended February 28, 2007. The increase in research and development costs resulted from both the additional expansion of our engineering group through direct hire and the acquisition of businesses and technologies. Employee compensation and related travel expenses increased by $17.9 million and $0.5 million, respectively. The expansion of our existing engineering group primarily relates to additional engineering resources to support the expansion of our product offerings and the localization of new and existing products into multiple languages and includes $1.9 million of incremental fees paid to external contractors. The remaining increase in research and development costs relate to technology infrastructure enhancements. Research and development expense was 18.6% and 17.7% of total revenue for the year ended February 29, 2008 and February 28, 2007, respectively.

These excerpts taken from the RHT 10-Q filed Jan 9, 2009.

Research and development

Research and development expense consists primarily of personnel and related costs for development of software technologies and systems management offerings. Research and development expense increased by 33.2% or $8.6 million to $34.5 million for the three months ended November 30, 2008 from $25.9 million for the three months ended November 30, 2007. The increase in research and development costs primarily resulted from both the expansion of our engineering group through direct hire and the acquisition of businesses and technologies. Employee compensation increased by $5.0 million. The remaining increase in research and development costs relates to process and technology infrastructure enhancements, which increased $1.1 million, and an increase of $1.8 million in the cost related to facilities due to expansion. Research and development expense was 20.9% and 19.2% of total revenue for the three months ended November 30, 2008 and November 30, 2007, respectively. Investing in research and development has been a priority for Red Hat and we anticipate continued spending as we expand our capabilities in virtualization and other emerging technologies. Incremental costs described above related to Qumranet totaled $2.4 million for the three months ended November 30, 2008.

Research and development

Research and development expense increased by 33.9% or $24.1 million to $95.2 million for the nine months ended November 30, 2008 from $71.1 million for the nine months ended November 30, 2007. The increase in research and development costs primarily resulted from both the additional expansion of our engineering group through direct hire and the acquisition of businesses and technologies. Employee compensation increased by $14.9 million. The expansion of our engineering group primarily relates to additional engineering resources to support the expansion of our product offerings and the localization of new and existing products into multiple languages. The remaining increase in research and development costs relates to process and technology infrastructure enhancements which increased $2.7 million and an increase of $6.1 million in the cost related to facilities due to expansion. Research and development expense was 19.6% and 18.6% of total revenue for the nine months ended November 30, 2008 and November 30, 2007, respectively. Investing in research and development has been a priority for Red Hat and we anticipate continued spending as we expand our capabilities in virtualization and other technologies.

This excerpt taken from the RHT 10-Q filed Oct 10, 2008.

Research and development

Research and development expense increased by 34.2% or $15.5 million to $60.6 million for the three months ended August 31, 2008 from $45.2 million for the three months ended August 31, 2007. The increase in research and development costs resulted from both the additional expansion of our engineering group through direct hire and the acquisition of businesses and technologies. Employee compensation increased by $9.8 million. The expansion of our engineering group primarily relates to additional engineering resources to support the expansion of our product offerings and the localization of new and existing products into multiple languages. The remaining increase in research and development costs relates to process and technology infrastructure enhancements which increased $3.6 million and an increase of $1.6 million in the cost related to facilities due to expansion. Research and development expense was 18.9% and 18.4% of total revenue for the six months ended August 31, 2008 and August 31, 2007, respectively. Investing in research and development has been a priority for Red Hat and we anticipate continued spending as we expand our capabilities in virtualization and other technologies.

This excerpt taken from the RHT 10-Q filed Jul 10, 2008.

Research and development

Research and development expense consists primarily of personnel and related costs for development of software technologies and systems management offerings. Research and development expense increased by 32.7% or $7.1 million to $28.9 million for the three months ended May 31, 2008 from $21.8 million for the three months ended May 31, 2007. The increase in research and development costs resulted from both the additional expansion of our engineering group through direct hire and the acquisition of businesses and technologies. Employee compensation increased by $4.9 million. The expansion of our existing engineering group primarily relates to additional engineering resources to support the expansion of our product offerings and the localization of new and existing products into multiple languages. The remaining increase in research and development costs relates to process and technology infrastructure enhancements which increased $2.0 million. Research and development expense was 18.5% and 18.3% of total revenue for the three months ended May 31, 2008 and May 31, 2007, respectively. Investing in research and development has been a priority for Red Hat and we anticipate continued spending as we expand our capabilities in virtualization and other technologies.

These excerpts taken from the RHT 10-K filed Apr 29, 2008.

Research and development

Research and development expense increased by 73.8% or $30.2 million to $71.0 million for the year ended February 28, 2007 from $40.9 million for the same period ended February 28, 2006. The increase in research and development costs resulted from both the additional expansion of our engineering group through direct hire and the acquisition of businesses. Related compensation expenses increased by $24.8 million, including $7.2 million of compensation cost related to share-based awards which, prior to the adoption of SFAS 123R in fiscal 2007, we reported on a pro-forma basis in the notes to our consolidated financial statements. The expansion of our existing engineering group primarily relates to additional engineering resources to support the expansion of our product offerings and the localization of new and existing products into multiple languages. The remaining increase in research and development costs relate to technology infrastructure enhancements. Research and development expense was 17.7% and 14.7% of total revenue for the years ended February 28, 2007 and 2006, respectively. Incremental research and development costs related to JBoss offerings and included in the above variances totaled $6.2 million.

Research and development

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Research and development expense increased by 73.8% or $30.2 million to $71.0 million for the year ended February 28, 2007 from $40.9 million for the
same period ended February 28, 2006. The increase in research and development costs resulted from both the additional expansion of our engineering group through direct hire and the acquisition of businesses. Related compensation expenses
increased by $24.8 million, including $7.2 million of compensation cost related to share-based awards which, prior to the adoption of SFAS 123R in fiscal 2007, we reported on a pro-forma basis in the notes to our consolidated financial statements.
The expansion of our existing engineering group primarily relates to additional engineering resources to support the expansion of our product offerings and the localization of new and existing products into multiple languages. The remaining increase
in research and development costs relate to technology infrastructure enhancements. Research and development expense was 17.7% and 14.7% of total revenue for the years ended February 28, 2007 and 2006, respectively. Incremental research and
development costs related to JBoss offerings and included in the above variances totaled $6.2 million.

General and administrative

General and administrative expense increased by 45.2% or $20.9 million to $67.0 million for the year ended February 28, 2007 from
$46.1 million for the same period ended February 28, 2006. Approximately $10.0 million is compensation cost related to share-based awards which, prior to the adoption of SFAS 123R in fiscal 2007, we reported on a pro-forma basis in the notes to
our consolidated financial statements. In addition, increased headcount across all functions to help the business scale increased non-share based compensation and travel by $7.4 million and $1.0 million, respectively. The remaining increase in
general and administrative costs relates to technology infrastructure enhancements. General and administrative expense was approximately 16.7% of total revenue for each of the years ended February 28, 2007 and 2006.

STYLE="margin-top:18px;margin-bottom:0px">Other income, net

Other income, net consists of
interest income earned on cash deposits in money market accounts and investments in short and long-term fixed income instruments, gain on the extinguishment of certain long-term debt, net gains realized on the sale of investments and foreign
currency revaluation gains and losses. Other income, net increased by 44.0% or $13.2 million to $43.3 million for the year ended February 28, 2007 from $30.1 million for the same period ended February 28, 2006. The increase is primarily
related to a $15.0 million increase in interest income which is partially offset by a reduction of $3.1 million net gain recognized on the extinguishment of long-term debt during the year ended February 28, 2006. The increase in interest income
is primarily attributable to higher rates of return and higher cash and investment balances.

This excerpt taken from the RHT 10-Q filed Jan 9, 2008.

Research and development

Research and development expense increased by 39.2% or $20.0 million to $71.1 million for the nine months ended November 30, 2007 from $51.1 million for the same period ended November 30, 2006. The increase in research and development costs resulted from both the additional expansion of our engineering group through direct hire and the acquisition of businesses and technologies. Employee compensation and related travel expenses increased by $14.8 million and $0.4 million, respectively. The expansion of our existing engineering group primarily relates to additional engineering resources to support the expansion of our product offerings and the localization of new and existing products into multiple languages and includes $1.1 million of incremental fees paid to external contractors. The remaining increase in research and development costs relate to technology infrastructure enhancements. Research and development expense was 18.6% and 17.6% of total revenues for the nine months ended November 30, 2007 and November 30, 2006, respectively. Investing in research and development has been a priority for Red Hat and we anticipate continued spending as we expand our capabilities in virtualization and other technologies.

This excerpt taken from the RHT 10-K filed Apr 30, 2007.

Research and development

Research and development expense increased by 25.9% or $8.4 million to $40.9 million for the year ended February 28, 2006 from $32.5 million for the same period ended February 28, 2005. The increase in research and development expense resulted from the additional expansion of our engineering group and was mainly compensation and related expenses and consulting fees, which increased $7.2 million and $0.6 million, respectively. This expansion related to the acquisition of certain assets of Netscape in the fourth quarter of fiscal 2005 and additional engineering resources to support the localization of our product offerings in multiple languages. Research and development expense was 14.7% and 16.5% and of total revenues for the years ended February 28, 2006 and 2005, respectively.

This excerpt taken from the RHT 10-K filed May 12, 2006.

Research and development

Research and development expense increased by 22.6% or $6.0 million from $26.5 million for the year ended ended February 29, 2004 to $32.5 million for the same period ended February 28, 2005. The increase in research and development expense resulted from an increase in engineering headcount and related compensation expense of approximately $3.0 million to support the development and integration of our Enterprise Linux operating platforms as well as our Desktop and Storage products. We acquired Sistina, Inc. in the fourth quarter of fiscal 2004 and added approximately $0.6 million per quarter in cost related to Sistina’s file storage development team. We also added resources to our Desktop team and the cost associated with this team increased by $1.7 million in fiscal 2005 compared to the prior year. Finally, as part of the Netscape Security Solutions acquisition from AOL, we added engineering costs of approximately $0.6 in the fourth quarter of fiscal 2005. Research and development expense was 21.2% and 16.5% of total revenues for years ended February 29, 2004 and February 28, 2005, respectively.

This excerpt taken from the RHT 10-K filed May 16, 2005.

Research and development

 

Research and development expense consists primarily of personnel and related costs for development of software technologies and systems management offerings. Research and development expense increased 18.0% to $26.5 million (21.2% of total revenue) in the year ended February 29, 2004 from $22.4 million (24.9% of total revenue) in the year ended February 28, 2003. The increase in research and development expense resulted from increased spending related to adding enterprise engineers to support the development and integration of our RHEL operating systems and Red Hat Network and costs of research and development personnel from the acquisition of Sistina, Inc. in late December 2003.

 

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki