Red Hat Reports $823 Million in Revenue for Second Quarter 2019
Strong performance for cloud and container products leads to a 14% increase over last year.
Red Hat has evolved beyond its original role as a Linux vendor and is now positioned as a cloud player that offers complete solutions to enterprise customers. The company has been expanding its product portfolio to help customers embark on their cloud native and digital transformation journey.
Red Hat’s aggressive repositioning is reflected in its revenue. The company earned the total revenue of $823 million, up 14% year-over-year, in the second quarter of the fiscal year 2019.
“The expansion of our technology portfolio has increased our strategic importance with customers, which is evidenced by the number of deals over five million dollars in the second quarter more than doubling year-over-year,” said Jim Whitehurst, President and Chief Executive Officer of Red Hat. “Customers continue to prioritize their digital transformation initiatives, and they are adopting Red Hat’s hybrid cloud enabling technologies to modernize their applications and drive greater efficiency and effectiveness in their business.”
Which technologies segments are growing within Red Hat is apparent from the breakout of the revenue. Subscription revenue remains the largest earnings at $527 million, but it registered a mere 8% in year-over-year growth. On the other hand, revenue from emerging technologies (read cloud and containers) was $196 million for over 31% year-over-year growth.
If Red Hat keeps up this pace, it might touch the $4 billion annual revenue mark in 2019.
Subscribe to our Linux Newsletters
Find Linux and Open Source Jobs
Subscribe to our ADMIN Newsletters
Support Our Work
Linux Magazine content is made possible with support from readers like you. Please consider contributing when you’ve found an article to be beneficial.
![Learn More](https://www.linux-magazine.com/var/linux_magazin/storage/images/media/linux-magazine-eng-us/images/misc/learn-more/834592-1-eng-US/Learn-More_medium.png)
News
-
NVIDIA Released Driver for Upcoming NVIDIA 560 GPU for Linux
Not only has NVIDIA released the driver for its upcoming CPU series, it's the first release that defaults to using open-source GPU kernel modules.
-
OpenMandriva Lx 24.07 Released
If you’re into rolling release Linux distributions, OpenMandriva ROME has a new snapshot with a new kernel.
-
Kernel 6.10 Available for General Usage
Linus Torvalds has released the 6.10 kernel and it includes significant performance increases for Intel Core hybrid systems and more.
-
TUXEDO Computers Releases InfinityBook Pro 14 Gen9 Laptop
Sporting either AMD or Intel CPUs, the TUXEDO InfinityBook Pro 14 is an extremely compact, lightweight, sturdy powerhouse.
-
Google Extends Support for Linux Kernels Used for Android
Because the LTS Linux kernel releases are so important to Android, Google has decided to extend the support period beyond that offered by the kernel development team.
-
Linux Mint 22 Stable Delayed
If you're anxious about getting your hands on the stable release of Linux Mint 22, it looks as if you're going to have to wait a bit longer.
-
Nitrux 3.5.1 Available for Install
The latest version of the immutable, systemd-free distribution includes an updated kernel and NVIDIA driver.
-
Debian 12.6 Released with Plenty of Bug Fixes and Updates
The sixth update to Debian "Bookworm" is all about security mitigations and making adjustments for some "serious problems."
-
Canonical Offers 12-Year LTS for Open Source Docker Images
Canonical is expanding its LTS offering to reach beyond the DEB packages with a new distro-less Docker image.
-
Plasma Desktop 6.1 Released with Several Enhancements
If you're a fan of Plasma Desktop, you should be excited about this new point release.