Language Selection

English French German Italian Portuguese Spanish

Red Hat: Earnings up, customers in, competitors out

Filed under
Linux

Red Hat knocked the ball out of the park again this quarter, especially in light of the competitive pressures from Microsoft/Novell and Oracle. I joined in the earnings call today, and was very impressed.

Revenue, cash flow, billings, bookings were all up. On bookings, Red Hat has the largest pipeline it has ever had, Charlie Peters (CFO) reported. Total revenue for the quarter was $105.8 million, an increase of 45% from the year-ago quarter and 6% from the prior quarter. Subscription revenue was $88.9 million, up 48% year-over-year and 5% sequentially. Overall gross margin was 84%, consistent with last quarter. Peters reported that Red Hat is on track to hit its 2006 annual numbers.

Even profits were effectively up.

Full Post.

Related: Red Hat earnings shrug off Oracle threat.

More in Tux Machines

Linux Kernel 4.9.5 Released with Updated Radeon Drivers, KVM and PPC Fixes

A new maintenance update of the Linux 4.9 kernel series was announced today by renowned Linux kernel maintainer and developer Greg Kroah-Hartman, versioned 4.9.5. Coming only five days after the previous point release, Linux kernel 4.9.5 appears to be a big milestone that changes a total of 132 files, with 1515 insertions and 821 deletions. There are numerous improvements implemented in this fifth Linux 4.9 maintenance update, but first we'd like to remind you that Greg Kroah-Hartman recently marked this kernel branch as long-term supported (LTS), yet this is not apparent from kernel.org. Read more

Linux-based IoT gateway certified for Azure

IonSign’s “Gluon GMU491 Cloud Gateway” runs Debian on a TI Sitara SoC and aggregates multiple sensor and Modbus inputs for Azure and AWS. Finland-based IonSign has begun shipping an IoT gateway billed as a “complete industrial grade production unit for data collection and edge computing.” The Debian Linux based Gluon GMU491 Cloud Gateway is designed for collecting sensor, meter, fieldbus, or automation system data and packaging it for direct delivery to commercial cloud platforms. Read more

Red Hat Financial News