Red Hat became the first open source developer in history with annual revenues of more than $ 2 billion
Red Hat is an open source solution provider. The company is one of the largest manufacturers of software based on Linux .
Her financial results and were previously an example for all open source developers. However, in 2015, it surpassed itself: Red Hat revenue exceeded $ 2 billion. This is the first company with such a successful monetization in the history of open source.
“The growing use of hybrid cloud infrastructures and open technologies in the corporate sector has enabled us to achieve excellent results. The company's revenue has been growing for 56 consecutive quarters and for the first time this fiscal year exceeded $ 2 billion, ”said Jim Whitehurst, president and CEO of Red Hat.
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“Customers are experiencing the need for new technologies to develop, deploy, and manage the lifecycle of applications in hybrid cloud environments,” he added.
In the fourth fiscal quarter, closed February 29, 2016, Red Hat sales were $ 544 million, an increase of 17% year over year. Net income also increased - from $ 48 to $ 53 million.
According to the results of the entire 2016 financial, net profit rose to $ 199 million from $ 180 million in the 2015 fiscal year.
During the reporting year, the company earned about $ 1.8 billion from sales of software subscriptions - 16% more than the value of the previous year. In December and February, this revenue was $ 480 million (+ 18% compared to the same period 12 months ago).
“The fourth quarter was a powerful final chord of the year, ensuring over-fulfillment of the plan. During the year, we maintained a high level of financial performance, which contributed. The annual cash flow indicator also set a new record and amounted to $ 716 million (15% more than last year), reflecting an increase in the cash support ratio of approximately 35% for the fifth consecutive year, ”Frank Calderoni quotes the translation of words by CNews ), Executive Vice President, Operations and Chief Financial Officer, Red Hat.
According to the company's forecasts for 2016, annual revenue is expected in the amount of $ 2,380 to $ 2,420 billion. In turn, in the first quarter of the fiscal year 2017, revenues are projected at $ 558-566 million, annual earnings per share are estimated at $ 0.28.
Her financial results and were previously an example for all open source developers. However, in 2015, it surpassed itself: Red Hat revenue exceeded $ 2 billion. This is the first company with such a successful monetization in the history of open source.
“The growing use of hybrid cloud infrastructures and open technologies in the corporate sector has enabled us to achieve excellent results. The company's revenue has been growing for 56 consecutive quarters and for the first time this fiscal year exceeded $ 2 billion, ”said Jim Whitehurst, president and CEO of Red Hat.
')
“Customers are experiencing the need for new technologies to develop, deploy, and manage the lifecycle of applications in hybrid cloud environments,” he added.
In the fourth fiscal quarter, closed February 29, 2016, Red Hat sales were $ 544 million, an increase of 17% year over year. Net income also increased - from $ 48 to $ 53 million.
According to the results of the entire 2016 financial, net profit rose to $ 199 million from $ 180 million in the 2015 fiscal year.
During the reporting year, the company earned about $ 1.8 billion from sales of software subscriptions - 16% more than the value of the previous year. In December and February, this revenue was $ 480 million (+ 18% compared to the same period 12 months ago).
“The fourth quarter was a powerful final chord of the year, ensuring over-fulfillment of the plan. During the year, we maintained a high level of financial performance, which contributed. The annual cash flow indicator also set a new record and amounted to $ 716 million (15% more than last year), reflecting an increase in the cash support ratio of approximately 35% for the fifth consecutive year, ”Frank Calderoni quotes the translation of words by CNews ), Executive Vice President, Operations and Chief Financial Officer, Red Hat.
According to the company's forecasts for 2016, annual revenue is expected in the amount of $ 2,380 to $ 2,420 billion. In turn, in the first quarter of the fiscal year 2017, revenues are projected at $ 558-566 million, annual earnings per share are estimated at $ 0.28.
Source: https://habr.com/ru/post/299598/
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