Red Hat Reports Double Digit Revenue Growth in Q1 FY20
Subscription revenue now represents 87% of total revenue.
Last week, open source solutions provider Red Hat (NYSE: RHT) reported double digit revenue growth for the first quarter of its fiscal year 2020 for the period ended May 31, 2019. Total first quarter revenue was $934 million, a 15% increase year-over-year. Of this total, $815 million came from subscription revenue and $119 million came from training and services revenue. Subscription revenue now represents 87% of total of revenue.
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