Comment: The revenue growth is particularly impressive, because the subscription model slows the conversion of sales wins into revenues - Red Hat has to spread the value of any contract over its lifetime. The upside of this is that the company was carrying $184m in deferred revenues from subscriptions - close to a full years future revenues at the current run rate. Taken together, this shows just how strong Red Hat is at the moment.
About Red Hat
Red Hat is the world’s leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As the connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.
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