For Red Hat, India is an exciting and a great marketplace with lots of opportunities like Smart City, Digital India, Make in India, payment gateways and e commerce. Government is also a big focus area for Red Hat. The company has witnessed a sequential Q-on-Q growth for 58 quarters in a row. A leader in the OS space, We also have a state-of-the-art engineering facility in Bangalore.
Incepted in 1993, Red Hat is one of the leaders in the Open Source community that provides an enterprise strength, mission critical software and services in the most important IT areas of Operating Systems, Virtualization, Middleware, Storage, and Cloud Computing.
More than 20 years ago, Red Hat disrupted the enterprise software world with new models for technology and business innovation. Today, Red Hat is the global leader in open source software, credited with bringing open source to the enterprise mainstream and inspiring the continued evolution of open source, which is driving key innovations across the technology landscape, from cloud computing and Linux containers, to mobile, big data, and beyond. In its 2016 predictions, Deutsche Bank wrote that “open source keeps eating the world,” with “open source rivals for almost every major infrastructure and data management software market.”
Receiving accolades for being the Open Source leader, Red Hat has recently been named to Forbes “World’s Most Innovative Companies” list. The company was ranked as the 25th most innovative company in the world, marking the companys fourth appearance on the list (2012, 2014, 2015, and 2016). Earlier, Red Hat was named to Forbes "Worlds Most Innovative Growth Companies" list in 2011.
19% growth in Q2 of fiscal 2017The company in its Q2 of fiscal year 2017 which ended on August 31, 2016 has witnessed a 19% (in US dollars) year on year growth which brings up its total revenue for the quarter to $600 million. Subscription revenue for the quarter was $531 million, up 20% in U.S. dollars year-over-year. Subscription revenue in the quarter was 89% of total revenue.
The quarter revenue also mentioned 18% in year on year growth in Infrastructure offerings. It also combined with 33% in year-over-year growth for Application development and other emerging technologies.
Explaining the same, Jim Whitehurst, President and Chief Executive Officer of Red Hat said, “Red Hats second quarter revenue results were highlighted by 18% in year-over-year growth for our Infrastructure offerings, combined with 33% in year-over-year growth for our Application development and other emerging technologies. Digital transformation and hybrid cloud computing are changing how applications are built, deployed and managed. As organizations adopt agile application development technologies such as Linux containers, they are able to rely on Red Hat as their strategic partner to modernize their infrastructure and application development platforms.”
Strong demand and overall execution has continued to benefit the company in the second quarter. It also continued to close deals of over $1 million in the quarter. This upholds its customer’s dedication towards the company and the sky rocketing demand for its solutions.
New-generation products
Continuing its leadership in the open source segment and enhancing its product portfolio, Red Hat has announced the general availability of its Kernel-based Virtual Machine (KVM) -powered virtualization platform, Red Hat Virtualization 4. It challenges the economics and complexities of proprietary virtualization solutions by providing a fully-open, high-performing, more secure and centrally managed platform for both Linux and Windows-based workloads. It combines a powerful updated hypervisor, advanced system dashboard, and centralized networking for users’ evolving workloads.
Red Hat Enterprise Virtualization has also been positioned by Gartner in the “Visionaries” quadrant of the August 2016 x86 Server Virtualization Infrastructure Magic Quadrant.
