Red Hat revenue grows 13 percent to $847 million

Red Hat reported revenue of $847 million (+13 percent) in third quarter of fiscal year 2019 ended November 30, 2018.
Red HatRed Hat has generated subscription revenue of $741 million (+13 percent), representing 87 percent of total revenue.

Red Hat generated subscription revenue of $534 million (+8 percent) from Infrastructure-related offerings and $207 million (+28 percent) from Application Development-related and other emerging technology offerings.

Red Hat OpenShift, its enterprise Kubernetes platform, and Red Hat Ansible Automation, added more than 100 customers in Q3. Red Hat closed 100 deals over $1 million.

Jim Whitehurst, president and chief executive officer of Red Hat, said its Certified Cloud and Service Providers (CCSP) program reached the $300 million annualized run-rate milestone in Q3 with 25 percent year-over-year growth of Red Hat Enterprise Linux on-demand in the public clouds.

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