Red Hat doing well

Stefan Mileschin · 25th December 2016, 08:08

Open saucy Red Hat’s third quarter results were rather good.

Its third quarter total revenue of $615 million, up 18 per cent year-over-year. Its third quarter total subscription revenue was $543 million, up 19 per cent year-over-year or 18 per cent in constant currency.

Jim Whitehurst, President and Chief Executive Officer of Red Hat said that enterprise and service provider customers were adopting a hybrid cloud strategy for developing, deploying and managing the life-cycle of their critical applications.

“Red Hat is uniquely positioned to address this need. In aggregate, customers utilizing our cloud-enabling technologies either on-premise or in the public cloud are spending more with Red Hat than customers that have not yet embraced our cloud-enabling technologies.

Total revenue for the quarter was $615 million, up 18 per cent in U.S. dollars year-over-year, or 17 per cent measured in constant currency.

http://www.techeye.net/business/red-hat-doing-well

25th December 2016, 08:08	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 153,541	Red Hat doing well Open saucy Red Hat’s third quarter results were rather good. Its third quarter total revenue of $615 million, up 18 per cent year-over-year. Its third quarter total subscription revenue was $543 million, up 19 per cent year-over-year or 18 per cent in constant currency. Jim Whitehurst, President and Chief Executive Officer of Red Hat said that enterprise and service provider customers were adopting a hybrid cloud strategy for developing, deploying and managing the life-cycle of their critical applications. “Red Hat is uniquely positioned to address this need. In aggregate, customers utilizing our cloud-enabling technologies either on-premise or in the public cloud are spending more with Red Hat than customers that have not yet embraced our cloud-enabling technologies. Total revenue for the quarter was $615 million, up 18 per cent in U.S. dollars year-over-year, or 17 per cent measured in constant currency. http://www.techeye.net/business/red-hat-doing-well