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Red Hat Announces $1 Billion Stock Repurchase Program

  • June 21, 2018
Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that its Board of Directors has authorized the repurchase of up to $1 billion of the Company’s common stock from time to time on the open market or in privately negotiated transactions. The new program is to replace the previous $1 billion repurchase program that will expire on June 30, 2018. From its commencement on July 1, 2016 through June 20, 2018, the Company repurchased approximately 8.2 million shares of its common stock for $751 million under the previous program.

Red Hat Reports First Quarter Results for Fiscal Year 2019

  • June 21, 2018
  First quarter total revenue of $814 million, up 20% year-over-year, or 17% in constant currency First quarter Application Development-related and other emerging technology subscription revenue of $189 million, up 37% year-over-year, or 32% in constant currency First quarter operating cash flow of $346 million, up 34% year-over-year Quarter-end deferred revenue balance of $2.4 billion, up 19% year-over-year   Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced financial results for the first quarter of fiscal year 2019 ended... (more)

Red Hat and Juniper Networks Expand Collaboration to Provide a Simplified and More Secure Path to Multicloud

  • May 22, 2018
By integrating Red Hat OpenStack Platform, a highly scalable Infrastructure-as-a-Service (IaaS) platform, and Red Hat OpenShift Container Platform, the industry’s most comprehensive enterprise Kubernetes platform, with Contrail Enterprise Multicloud , a multicloud -ready networking, security, orchestration and monitoring platform designed for any workload and any cloud across multivendor environments, Red Hat and Juniper aim to enable enterprises to more easily manage their full stack in hybrid or multicloud environments with a unified solution, while enabling enterprises to avoid unnecessary... (more)

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