Friday, 27 June 2008

Red Hat Reports “Solid” Q1 Results

Red Hat has announced financial results for its fiscal year 2009 first quarter ended May 31, 2008.

The open source provider reported total revenues for the quarter at USD156.6 million, an increase of 32 % from the year ago quarter and 11% from the prior quarter.

“The first quarter was a solid start to the fiscal year,” stated Jim Whitehurst, President and Chief Executive Officer of Red Hat.

“With our recognised value advantage and award winning technology solutions, we continued to see top enterprise customers expand Red Hat deployments and new customers migrate to our solutions.”

Red Hat said highlights for the quarter included the release of its flagship products; Red Hat Network Satellite 5.1, Red Hat Enterprise Linux 5.2, JBoss Operation Network 2.0 and the release of Fedora 9 to the open source community.