Red Hat (RHT) Approves $1B Common Stock Buyback Program
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Red Hat Announces $1 Billion Stock Repurchase Program
June 22, 2016 4:16 PM EDTRALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that its Board of Directors has authorized the repurchase of up to $1 billion of the Companys common stock from time to time on the open market or in privately negotiated transactions.
The new program is to replace the previous $500 million repurchase program that will be terminated effective June 30, 2016. Approximately $329 million was used under the previous program through June 22, 2016.
Red Hats management team and Board of Directors firmly believe in our... More
Red Hat to Acquire API Management Leader 3scale
June 22, 2016 4:15 PM EDTAccelerates digital transformation with API driven hybrid-cloud architectures
RALEIGH, N.C.--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced that it has signed a definitive agreement to acquire 3scale, a leading provider of application programming interface (API) management technology. By adding 3scale to its existing portfolio, including Red Hat JBoss Middleware, Red Hat OpenShift and Red Hat Mobile Application Platform, Red Hat strengthens its enablement of the API economy with simplified cloud integration and microservices-based architectures.
In an era of digital... More
Red Hat Reports First Quarter Results for Fiscal Year 2017
June 22, 2016 4:15 PM EDTFirst quarter revenue of $568 million, up 18% year-over-year First quarter subscription revenue of $502 million, up 18% year-over-year First quarter Application Development-related and other emerging technologies subscription revenue of $98 million, up 39% year-over-year Total deferred revenue balance of $1.69 billion, up 18% 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 the first quarter of fiscal year 2017 ended May 31, 2016.
Digital transformation and cloud... More
