March 31, 2017

Earlier this week Red Hat, Inc. (NYSE: RHT), a provider of open source and enterprise IT solutions, reported its fourth quarter and fiscal year 2017 financials, including fourth quarter subscription revenue of $560 million, a 17 percent increase year-over-year. For the full fiscal year, Red Hat brought in $2.1 billion in subscription revenue, an 18 percent increase year-over-year. Net income (GAAP) for the quarter was $66 million, or $0.36 per diluted share, compared to $53 million, or $0.29 per diluted share, year-over-year. For the full fiscal year, net income (GAAP) was $254 million, or $1.39 per diluted share, compared to $199 million, or $1.07 per diluted share.