Red Hat Posts Subscription Revenue of $543 Million for Q3 2017
Last week Red Hat, Inc. (NYSE: RHT), a leading provider of open source and enterprise IT solutions, reported its third quarter results for the fiscal year 2017 ended November 30, 2016, posting total Q3 revenue of $615 million, an 18 percent increase and total subscription revenue of $543 million, a 19 percent increase year-over-year. Subscription revenue represents 88.3 percent of Red Hat revenue. Other highlights for Q3 FY 2017 include…
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