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Red Hat 2014 Revenue Tops $1.53 Billion

For the full fiscal 2014 year, Red Hat reported revenue of $1.53 billion, for a 15 percent year-over-year gain. Full Red Hat Cloudyear net income was reported at $178 million, up from $150 million in 2013.

Looking forward, Red Hat provided full-year fiscal 2015 guidance for revenue to be in the range of $1.730 billion to $1.755 billion, representing an annual revenue growth rate up to 14 percent.

Read the full story at ServerWatch:
Red Hat Banking on OpenStack for Future Growth

Sean Michael Kerner is a senior editor at InternetNews.com. Follow him on Twitter @TechJournalist.