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.
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.
Issue 18: Free From XP/Special Editions
Buy this issue as a PDF
Tag Cloud
News
-
Password Management Services Vulnerable to Attack
Should you trust an online service to store your online passwords?
-
New Raspberry Pi Adds Two USB Ports
New B+ board lets you build cool things without the complication of a powered USB hub.
-
Microsoft Grabs No-IP.com Domains
Redmond rushes in to root out alleged malware haven.
-
Firefox Steps into 3D
New initiative will bring futuristic virtual reality effects to the web surfing experience.
-
New Trojan Targets Online Banking
Dyreza malware launches a man-in-the-middle attack that compromises SSL.
-
HP Rolls Out Massive Cloud Network
New cloud combines worldwide access with local attention to data security.
-
New Attack Targets Wireless Logins
A first cousin of the recent Heartbleed attack affects EAP-based wireless and peer-to-peer authentication.
-
Geeks Petition for Free Lenovo BIOS
FOSS community acts to protect freedom of choice for laptop devices.
-
Firefox Says Yes to DRM
Quintessential open source browser shores up its market share with a step toward the proprietary dark side.
-
Webcam Hijackers Busted
Authorities in 16 countries take action against users of the imfamous BlackShades malware tool.