Red Hat Reports Double Digit Revenue Growth in Q3 FY2019
Including infrastructure-related subscription revenue of $534 million
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.
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