Red Hat Reports Subscription Revenue of $683 Million in Q4 FY2018
Subscription revenue represents 88 percent of total revenue.
Last week Red Hat, Inc. (NYSE: RHT), an open source solutions provider, delivered strong results in its fourth quarter and year-end financials for fiscal year 2018 ended February 28, 2018. Total revenue for the fourth quarter was $772 million, a 23 percent increase over the same period last year. Subscription revenue for Q4 was $683 million, a 22 percent increase year-over-year. Year-end deferred revenue was $2.6 billion, a 25 percent increase.
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