Language Selection

English French German Italian Portuguese Spanish

Red Hat Reports Second Quarter Results for Fiscal Year 2018

Filed under
Red Hat

“Strong demand for our technologies that enable hybrid cloud computing has contributed to accelerated revenue growth in the first half of the fiscal year. In the second quarter, we delivered total revenue growth of 21%, fueled by over 40% growth in our Application Development-related and other emerging technology revenue," stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. "IT organizations continued to turn to Red Hat as a strategic technology partner to help them transform and modernize their applications and infrastructure for the hybrid cloud."

"Strong execution and global demand for Red Hat technologies continued to drive financial results which exceeded expectations for the second quarter and the first half of fiscal year 2018," stated Eric Shander, Executive Vice President and Chief Financial Officer of Red Hat. "For the first half of fiscal 2018, Red Hat delivered a powerful combination of 20% total revenue growth, 41% GAAP operating income growth, 26% non-GAAP operating income growth, and 22% operating cash flow growth. Given our first half results and ongoing momentum, we are increasing our outlook for the full year."

Read more

More on Red Hat Results

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

More in Tux Machines

What Are Containers and Why Should You Care?

What are containers? Do you need them? Why? In this article, we aim to answer some of these basic questions. But, to answer these questions, we need more questions. When you start considering how containers might fit into your world, you need to ask: Where do you develop your application? Where do you test it and where is it deployed? Read more

Linux: 4.14.7, 4.9.70, 4.4.106, 3.18.88, Four stable kernels

How to Market an Open Source Project

The widely experienced and indefatigable Deirdré Straughan presented a talk at Open Source Summit NA on how to market an open source project. Deirdré currently works with open source at Amazon Web Services (AWS), although she was not representing the company at the time of her talk. Her experience also includes stints at Ericsson, Joyent, and Oracle, where she worked with cloud and open source over several years. Through it all, Deirdré said, the main mission in her career has been to “help technologies grow and thrive through a variety of marketing and community activities.” This article provides highlights of Deirdré’s talk, in which she explained common marketing approaches and why they’re important for open source projects. Read more

Bluetooth Linux Stack Gets Improvements for Bluetooth LE Joypads, Other Devices

First off, for the ShanWan PS3 joypad (a PlayStation 3 controller clone), they managed to disable the rumble motor that currently starts immediately after you plug the controller into the USB port of your Linux computer, as well as to hard-code the HID service that the joypad was supposed to offer but it didn't because it's not Bluetooth compliant. "The SHANWAN PS3 clone joypad will start its rumble motors as soon as it is plugged in via USB. As the additional USB interrupt does nothing on the original PS3 Sixaxis joypads, and makes a number of other clone joypads actually start sending data, disable that call for the SHANWAN so the rumble motors aren't started on plug," reads the kernel patch. Read more