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 192/2016
Buy this issue as a PDF
News
-
Nextcloud Announces Raspberry Pi-Powered Home Cloud Box
Innovative system adds a hard drive and Ubuntu Core to the RPi for an IoT hub.
-
Linus Torvalds Confirms the Date of the First Linux Release
Linux is two weeks younger than we thought!
-
End of OpenOffice?
The Apache Software Foundation considers retiring OpenOffice
-
Adobe Gives New Life to NPAPI Plugin for Linux
Adobe won’t kill the plugin in 2017
-
LinuxCon North America Convenes in Toronto, Canada
Linux Foundation's big event celebrates the 25th anniversary of Linux
-
Linux Turns 25
Linux has evolved from “won’t be a professional” project to one of the most professional software projects in the history of computers.
-
Mirantis Joins Hands with SUSE To Offer RHEL Support; Red Hat Not Happy
Competitors get in the game with RHEL without Red Hat
-
Linux on Windows 10 Poses a Security Risk
Security researchers have already notified Microsoft; some fixes are available
-
Mirantis to Refactor OpenStack Fuel for Kubernetes
The company is collaborating with Google and Intel to use Kubernetes as an engine for Fuel
-
Canonical Joins Document Foundation Advisory Board
The upcoming release of LibreOffice will be available as a snap package