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.

Related content

comments powered by Disqus

Issue 269/2023

Buy this issue as a PDF

Digital Issue: Price $12.99
(incl. VAT)

Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Find SysAdmin Jobs