Red Hat Revenues Grow, Raises Full Year Outlook | Linux Today

Red Hat Revenues Grow, Raises Full Year Outlook

Written By
Web Webster
Web Webster
Jun 23, 2011

[ Thanks to James Maguire for this link. ]

“For the its fiscal year 2012 first quarter ended May
31, 2011, Red Hat reported net revenue of $264.7 million for a 26
percent year-over-year increase. Net Income was reported at 66.5
million, for a 28 percent year-over-year increase. Red Hat exceeded
its own revenue guidance, which it provided in fourth quarter, for
first quarter 2012 revenues to be in the range of $252 to $255
million.

“Moving forward, Red Hat provided second quarter fiscal 2012
revenue guidance to be in the range of approximately $270 million
to $272 million. Red Hat is so optimistic about the year that it is
also raising its full year revenue guidance as well. “


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Web Webster

Web Webster

Web Webster has more than 20 years of writing and editorial experience in the tech sector. He’s written and edited news, demand generation, user-focused, and thought leadership content for business software solutions, consumer tech, and Linux Today, he edits and writes for a portfolio of tech industry news and analysis websites including webopedia.com, and DatabaseJournal.com.

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