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 172/2015
Buy this issue as a PDF
News
-
Old Vulnerabilities Are Kept Alive Through Bad Configuration
HP's annual Cyber Risk report offers a bleak look at the state of IT.
-
Linus Torvalds Announces Linux 4.0
But what do the big numbers really mean?
-
Microsoft Frees CoreCLR
.NET Core execution engine is the basis for cross-platform .NET implementations.
-
New Trojan Attacks Linux Servers
The Xnote trojan hides itself on the target system and will launch a variety of attacks on command.
-
Cisco Releases Annual Security Report
Spammers go low-volume, and 90% of IE browsers are unpatched.
-
Zero Day Exploits Target Flash
Adobe scrambles to release patches for vulnerable Flash Player.
-
Intel Unveils Compute Stick
Four-inch-long computer on a stick lets you boot a full Linux system from any HDMI display device.
-
Obama Proposes Personal Data Notification Law
New statute would require companies to report break-ins to consumers.
-
TGXf Project Warns of File Transfer through Screen Pixels
Weird data transfer technique avoids all standard security measures.
-
Industry Giants Announce a Fix for the Password Mess
FIDO alliance declares the beginning of the end for old-style login authentication.