Red Hat reports Q4/FY 2018 results

Red Hat, Inc. (NYSE: RHT), the world´s provider of open source solutions, has announced financial results for the fourth quarter of fiscal year 2018 ended February 28, 2018, the company said.

Total revenue for the quarter was USD 772 million, up 23% in USD year-over-year, or 18% measured in constant currency. Constant currency references in this release are detailed in the tables below.

Subscription revenue for the quarter was USD 683 million, up 22% in USD year-over-year, or 18% measured in constant currency. Subscription revenue in the quarter was 88% of total revenue.

Full fiscal year 2018 total revenue was USD 2.9 billion, up 21% in USD year-over-year, or 20% measured in constant currency. Subscription revenue for the full year was USD 2.6 billion, up 21% in USD year-over-year, or 19% measured in constant currency. Subscription revenue in the full fiscal year was 88% of total revenue.

Red Hat is the world´s provider of open source software solutions, using a community-powered approach to provide reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. As a connective hub in a global network of enterprises, partners, and open source communities, Red Hat helps create relevant, innovative technologies that liberate resources for growth and prepare customers for the future of IT. Learn more at http://www.redhat.com.