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
-
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.
-
Poll: Vote for the Best Open Source Software for Photographers
The Linux New Media Awards have honored the most significant products, projects, people, and organizations for open source/Linux every year since 2000.
-
Debian Gets Forked
Legendary Uber-distro splits over the systemd controversy.
-
Linux Mint Project Releases Mint 17.1
New LTS version offers many refinements for the Cinnamon and Mate desktops and significant improvement under the hood.
-
CeBIT Open Source Forum Call for Papers
One of CeBIT’s most successful forums returns in 2015.