Piper Jaffray Raises PT on Red Hat (RHT) After Strong Quarter

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Go back to Piper Jaffray Raises PT on Red Hat (RHT) After Strong Quarter

Red Hat Reports Third Quarter Results for Fiscal Year 2016

December 17, 2015 4:16 PM EST

Quarterly total revenue of $524 million, up 15% year-over-year or 21% in constant currency Quarterly subscription revenue of $457 million, up 16% year-over-year or 22% in constant currency Deferred revenue of $1.49 billion, up 14% year-over-year

RALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the worlds leading provider of open source solutions, today announced financial results for the third quarter of fiscal year 2016 ended November 30, 2015.

Our investments in technologies and partnerships continued to generate strong results as customers transform their IT infrastructure... More