Wednesday, June 22, 2016

Red Hat Posts Revenue of $568 Million, up 18% YoY

Red Hat reported revenue $568 million for the first quarter of its fiscal 2017, up 18% in U.S. dollars year-over-year and as measured in constant currency. GAAP net income for the quarter was $61 million, or $0.33 per diluted share, compared with $48 million, or $0.26 per diluted share, in the year-ago quarter.


Subscription revenue from Infrastructure-related offerings for the quarter was $403 million, an increase of 14% in U.S. dollars year-over-year and 13% measured in constant currency. Subscription revenue from Application Development-related and other emerging technologies offerings for the quarter was $98 million, an increase of 39% in U.S. dollars year-over-year and as measured in constant currency.

“Strong adoption of our technologies has been reflected in our total revenue growth including 18% year-over-year growth in Q1 that was driven in part by 39% growth of our Application Development-related and emerging technologies," stated Jim Whitehurst, President and Chief Executive Officer of Red Hat.

http://www.redhat.com

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