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
-
2024 Open Source Professionals Job Survey Now Open
Share your expectations regarding open source jobs.
-
Arch Linux 2023.12.01 Released with a Much-Improved Installer
If you've ever wanted to install Arch Linux, now is your time. With the latest release, the archinstall script vastly simplifies the process.
-
Zorin OS 17 Beta Available for Testing
The upcoming version of Zorin OS includes plenty of improvements to take your PC to a whole new level of user-friendliness.
-
Red Hat Migrates RHEL from Xorg to Wayland
If you've been wondering when Xorg will finally be a thing of the past, wonder no more, as Red Hat has made it clear.
-
PipeWire 1.0 Officially Released
PipeWire was created to take the place of the oft-troubled PulseAudio and has finally reached the 1.0 status as a major update with plenty of improvements and the usual bug fixes.
-
Rocky Linux 9.3 Available for Download
The latest version of the RHEL alternative is now available and brings back cloud and container images for ppc64le along with plenty of new features and fixes.
-
Ubuntu Budgie Shifts How to Tackle Wayland
Ubuntu Budgie has yet to make the switch to Wayland but with a change in approaches, they're finally on track to making it happen.
-
TUXEDO's New Ultraportable Linux Workstation Released
The TUXEDO Pulse 14 blends portability with power, thanks to the AMD Ryzen 7 7840HS CPU.
-
AlmaLinux Will No Longer Be "Just Another RHEL Clone"
With the release of AlmaLinux 9.3, the distribution will be built entirely from upstream sources.
-
elementary OS 8 Has a Big Surprise in Store
When elementary OS 8 finally arrives, it will not only be based on Ubuntu 24.04 but it will also default to Wayland for better performance and security.