Red Hat (RHT) PT Raised to $83 at Jefferies Following 4Q

Red Hat Reports Fourth Quarter and Fiscal Year 2017 Results

Fourth quarter total revenue of $629 million, up 16% year-over-year; full fiscal year total revenue of $2.4 billion, up 18% year-over-year Fourth quarter subscription revenue of $560 million, up 17% year-over-year; full fiscal year subscription revenue of $2.1 billion, up 18% year-over-year Fourth quarter Application development-related and other emerging technology subscription revenue of $125 million, up 40% year-over-year; full fiscal year Application development-related and other emerging technology subscription revenue of $439 million, up 36% year-over-year Year-end deferred revenue balance of $2.1 billion, up 20% year-over-year

RALEIGH, N.C.--(BUSINESS... More

Red Hat Introduces New Application Platform Partner Initiative

Program to enable deeper collaboration with partners focused on application platform and emerging technologies

LAS VEGAS--(BUSINESS WIRE)-- Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today introduced a new partner program designed to enable a deeper collaborative go-to-market strategy between Red Hat and participating partner organizations and optimize the value chain for application development and integration projects.

Emerging technologies such as cloud, containers, and mobile, and the move to cloud-native application development, are helping to change the way... More