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

today's leftovers

  • Linux Users Discuss DRM 1 on 1 – Unleaded Hangout
    Linux Users Discuss DRM. Today my Brandon and I discuss encrypted media extensions, digital rights management and our freedom on the Linux desktop. So join Brandon and I as we as Linux Users Discuss DRM.
  • i965 Shader Cache Revised As It Still Might Squeeze Into Mesa 17.3
    Intel's Jordan Justen has sent out his third revision to the recently renewed patches for allowing an OpenGL on-disk shader cache for the "i965" Mesa driver. Just a few days back Jordan sent out a revised Intel shader cache implementation for this code that's long been baking on the Intel side but yet to be merged for mainline Mesa while the RadeonSI shader cache and co has been present now for many months.
  • Sunday Linux Gaming Wrap-up
  • retro-gtk: The Future, Marty!
    Let's come back to retro-gtk. In the previous articles I explained how bad retro-gtk was, what I did to start improving it and more importantly what I did to prepare the terrain for further development. This article will detail the aforementioned planed improvements!
  • Ikea’s Open-Source Showrooms
    Ikea Group will also roll out a new digital platform called 'Co-Create Ikea' which mimics its IT division's open-source software development, where customers have the chance help develop and test new products.
  • Glibc Picks Up Some More FMA Performance Optimizations
    The GNU C Library, glibc, has picked up support for some additional functions as FMA-optimized versions. The newest functions now getting the fused multiply-add (FMA) support are powf(), logf(), exp2f(), and log2f(). The FMA instruction set is present since Intel Haswell and AMD Piledriver generations and like past FMA optimizations, the benefits can be quite noticeable.
  • Landmark release of Termination of Transfer tool from Creative Commons and Authors Alliance
    For more than a decade, Creative Commons has developed and stewarded legal tools that give creators the opportunity to share their work on open terms. We have focused on tools that empower sharing at the moment of publication, leaving out an important group of creators: what about those who previously signed away their rights to their works long ago, but who now want to share on open terms under a CC license or renegotiate unfavorable publishing terms?
  • The recent catastrophic Wi-Fi vulnerability was in plain sight for 13 years behind a corporate paywall
    The recent Wi-Fi “KRACK” vulnerability, which allowed anyone to get onto a secure network (and which was quickly patched by reputable vendors), had been in plain sight behind a corporate-level paywall for 13 years. This raises a number of relevant, interesting, and uncomfortable questions.

Events: openSUSE.Asia Summit 2017, GStreamer Conference 2017, FSFE Assembly During 34C3

  • openSUSE.Asia Summit 2017 in Tokyo
  • GStreamer Conference 2017 Videos
    Taking place this weekend in Prague has been the 8th annual GStreamer Conference, which is preceding next week's Linux Foundation Embedded Linux Conference Europe.
  • Call for sessions at the FSFE assembly during 34C3
    With the CCC moving from Hamburg to Leipzig, there are not only logistic changes to be done but also some organisational changes. We are still figuring out the details, but in the context of this call, one of the major changes will be the loss of free available rooms to book for self-organised sessions. Instead, assemblies that match with each other are asked to cluster around 1 of several stages and use that as a common stage for self-organized sessions together. To make the most of this situation, the FSFE will for the first time not join the Noisy Square this year but form a new neighbourhood with other freedom fighting NGOs – in particular with our friends from European Digital Rights. However, at this point of time, we do not yet have more information about the concrete or final arrangements.

Android Leftovers

GNOME 3.28 Linux Desktop Environment Development Kicks Off with First Snapshot

GNOME developer Javier Jardón is kicking off the development of the GNOME 3.28 desktop environment with the first snapshot, GNOME 3.27.1, which is now available for public testing. Read more