Red Hat Fiscal Year End Revenues Reported Over 900 Million
"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.
Issue 14: Raspberry Pi Handbook/Special Editions
Tag Cloud
News
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SCO Rises from the Swamp
Longtime litigator revives an ancient suit against IBM alleging Linux infringes on Unix copyrights.
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UberStudent Project Releases UberStudent 3.0
Specialty distro keeps the focus on advanced learning.
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openSUSE Conference Approaches
The openSUSE Conference will be held July 18-22, 2013, at the Olympic Museum in Thessaloniki, Greece.
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Drupal.org Hacked
Security breached at home sites of the CMS project.
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Oracle Takes Action on Java Security
Lead Java developer vows policy changes and more attention to fixing problems.
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Google and NASA Partner in Quantum Computing Project
Vendor D-Wave scores big with a sale to NASA's Quantum Intelligence Lab.
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Mageia Project Announces Mageia 3 Linux
Many package updates and Steam integration highlight the latest from the Mandriva-based community Linux.
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FSF Outs the World Wide Web Consortium over DRM Proposal
Richard Stallman calls for the W3C to remain independent of vendor interests.
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Debian 7.0 Debuts
The new release supports nine architectures, 73 human languages, and zero non-Free components.
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Alpha Version of Fedora 19 Released
Fedora developers release the first alpha version of Fedora 19, known as Schrödinger’s Cat, for general testing. The final release is expected in July 2013.