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NEWS
Red Hat reports $823 revenue for second quarter 2019; Debian, Ubuntu, and other Distros are leaving users vulnerable; Nextcloud 14 arrives; Linus Torvalds takes a break, apologizes; Chinese spy chip in US servers?; Is North Korea hacking US ATM machines?
Red Hat Reports $823 Revenue for Second Quarter 2019
Red Hat has evolved beyond its original role as a Linux vendor and is now positioned as a cloud player that offers complete solutions to enterprise customers. The company has been expanding its product portfolio to help customers embark on their cloud native and digital transformation journey.
Red Hat's aggressive repositioning is reflected in its revenue. The company earned $823 million in total revenue, up 14% year-over-year, in the second quarter of the fiscal year 2019.
"The expansion of our technology portfolio has increased our strategic importance with customers, which is evidenced by the number of deals over five million dollars in the second quarter more than doubling year-over-year," said Jim Whitehurst, president and chief executive officer of Red Hat. "Customers continue to prioritize their digital transformation initiatives, and they are adopting Red Hat's hybrid cloud enabling technologies to modernize their applications and drive greater efficiency and effectiveness in their business."
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