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linux-magazine.com » Online » News » Red Hat Fiscal Year End Revenues Reported Over 900 Million   "With record bookings and billings in the fourth quarter, we are on a run rate to become the first pure-play open source company to achieve a billion dollars in revenues next fiscal year, a milestone achievement for Red Hat and the open source community," stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. Red Hat Fiscal Year End Revenues Reported Over 900 Million Mar 25, 2011 "With record bookings and billings in the fourth quarter, we are on a run rate to become the first pure-play open source company to achieve a billion dollars in revenues next fiscal year, a milestone achievement for Red Hat and the open source community," stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. Revenues for Red Hat's fourth quarter ended in an optimistic trend that puts this open source company on a path that to see a billion dollars in revenue reached in the upcoming fiscal year. Red Hat's fourth quartered earnings included total revenue $244.8 million, and $209.3 million secured from subscription revenue. Its fiscal year ended with Red Hat reporting $909.3 million in total revenue—a 22% increase over the prior year. The full earnings report and more information can be found on the Red Hat website. (Amber Graner) Comments "With record bookings and billings in the fourth quarter, we are on a run rate to become the first pure-play open source company to achieve a billion dollars in revenues next fiscal year, a milestone achievement for Red Hat and the open source community," stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. Related Articles Beyond FUDCon with Robyn Bergeron, Fedora Program Manager Linux Kongress: Intel promotes intuitive access to Linux Red Hat Expands Amazon Web Services Relationship Red Hat to Participate in the NCTA 2011 Spring Conference Microsoft Works on PHP and Open Source Gen. Hugh Shelton to Present 'Open Your World' Webinar No More Downloads! Save the download and take Linux Magazine DVDs instead. Each DVD contains a full distro like Ubuntu, SUSE, Mandriva, Fedora, or Debian and comes with the corresponding issue of Linux Magazine. Don't waste time downloading Linux! more...

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