UPDATE: Cowen Remains Bullish on Red Hat (RHT) Following 1Q16 Results

Red Hat Reports First Quarter Results

First quarter total revenue of $481 million, up 14% year-over-year

First quarter subscription revenue of $425 million, up 14% year-over-year

First quarter operating cash flow of $209 million, up 27% year-over-year

RALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced financial results for its fiscal year 2016 first quarter ended May 31, 2015.

Total revenue for the quarter was $481 million, an increase of 14% in U.S. dollars from the year ago quarter, and 22% measured in constant currency.... More

Red Hat Honors Outstanding Achievements in Open Source with Ninth Annual Red Hat Innovation Awards

American Product Distributors, Avianca Holdings, CA Technologies, CBTS, Cisco, and FICO Recognized for Transforming IT Infrastructure and Delivering Enterprise Innovation with Red Hat Technologies

RALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced American Product Distributors, Avianca Holdings, CA Technologies, CBTS, Cisco, and FICO as finalists for the ninth annual Red Hat Innovation Awards. The awards honor Red Hat customers, partners, and communities for their outstanding and innovative use of Red Hat solutions, and the... More

Rackspace's Carl Thompson Named 2015 Red Hat Certified Professional of the Year

Thompson Recognized for Thought Leadership and Innovation; to Be Honored at Red Hat Summit 2015

RALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that Carl Thompson, principal architect at Rackspace, has been named the 2015 Red Hat Certified Professional of the Year. The award honors a Red Hat Certified Professional who demonstrates ingenuity, hard work, and expertise, and will be presented to Thompson at... More