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.
News
-
The GNU Project Celebrates Its 40th Birthday
September 27 marks the 40th anniversary of the GNU Project, and it was celebrated with a hacker meeting in Biel/Bienne, Switzerland.
-
Linux Kernel Reducing Long-Term Support
LTS support for the Linux kernel is about to undergo some serious changes that will have a considerable impact on the future.
-
Fedora 39 Beta Now Available for Testing
For fans and users of Fedora Linux, the first beta of release 39 is now available, which is a minor upgrade but does include GNOME 45.
-
Fedora Linux 40 to Drop X11 for KDE Plasma
When Fedora 40 arrives in 2024, there will be a few big changes coming, especially for the KDE Plasma option.
-
Real-Time Ubuntu Available in AWS Marketplace
Anyone looking for a Linux distribution for real-time processing could do a whole lot worse than Real-Time Ubuntu.
-
KSMBD Finally Reaches a Stable State
For those who've been looking forward to the first release of KSMBD, after two years it's no longer considered experimental.
-
Nitrux 3.0.0 Has Been Released
The latest version of Nitrux brings plenty of innovation and fresh apps to the table.
-
Linux From Scratch 12.0 Now Available
If you're looking to roll your own Linux distribution, the latest version of Linux From Scratch is now available with plenty of updates.
-
Linux Kernel 6.5 Has Been Released
The newest Linux kernel, version 6.5, now includes initial support for two very exciting features.
-
UbuntuDDE 23.04 Now Available
A new version of the UbuntuDDE remix has finally arrived with all the updates from the Deepin desktop and everything that comes with the Ubuntu 23.04 base.