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.
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.