December 19, 2018

Red Hat, Inc. (NYSE: RHT) had a red letter quarter for the period ended November 30, 2018. The company reported total revenue of $847 million, double digit revenue growth for its third quarter of fiscal year 2019, at a rate of 13 percent. Subscription revenue was $741 million, a 13 percent increase year-over-year. In the third quarter, subscription revenue comprised 87 percent of total revenue.