Red Hat announced financial results for the third quarter of fiscal year 2019 ended November 30, 2018. "In Q3, we closed 100 deals over $1 million and delivered double digit total revenue growth of 13% year-over-year, or 15% in constant currency and deferred revenue growth of 20% year-over-year," said Eric Shander, Executive Vice President and Chief Financial Officer for Red Hat. "Strong renewals of our largest deals also helped drive these results with all of our top 25 deals renewing at an upsell rate above 120%."
Red Hat has announced the availability of long-term commercial support for OpenJDK on Microsoft Windows. By adding to its existing support for OpenJDK on Red Hat Enterprise Linux, Red Hat is further enabling organizations to standardize the development and deployment of Java applications throughout the enterprise with a flexible, powerful and open alternative to proprietary Java platforms.
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Red Hat Blog - Red Hat Global Customer Tech Outlook 2019: Automation, cloud, & security lead funding priorities
As we round out 2018, it's time to reflect on how the year has gone and our plans for the coming year. For the fifth consecutive year, we reached out to our customers to hear where they are in their technology journey and where they want to go in 2019. We surveyed more than 400 Red Hat customers around the world, with respondents from 51 countries. These IT leaders weighed in about their current challenges, their deployment strategies, technologies they are excited about, as well as budget and technology priorities for 2019.
As 2018 draws to a close, I've spent some time thinking about the progress we've made with Red Hat OpenShift and where we're going. Spoiler alert - it's been an exciting year and I'm optimistic about 2019. People seem to have accepted Kubernetes as the de facto platform for container native technologies. But there's a lot of work to do around Kubernetes. As a result, the focus has shifted this year from building the platform, to focusing more on how to operate that platform. –Ashesh Badani, Vice President and General Manager of Cloud Platforms, Red Hat
The best and brightest took us to the moon with the computing power of pocket calculators. Now they're taking us farther—and they're doing it with the tech we've been talking about all season. Open source is taking us to Mars.