Red Hat is off to a strong start in fiscal 2011, posting earnings well ahead of the previous year and meeting analysts’ expectations.
How did the enterprise Linux vendor do it? Strong demand for all segments of its product portfolio, according to CEO Jim Whitehurst. Addressing analysts, Whitehurst touted an eight-figure deal Red Hat had signed with “a mainstream customer” primarily focused on middleware, though he declined to name the company. Datamation has the details on Red Hat’s earnings.
The last three months have been good ones for Red Hat. The enterprise Linux vendor reported its first-quarter fiscal 2011 financial results this week, showing growth coming from all sides with Linux platform, JBoss middleware and professional services revenues up, and customers new and old expanding their spending with Red Hat.
Red Hat’s earnings report comes as the company is gearing up for a major release of its flagship Red Hat Enterprise Linux (RHEL) platform as well as new cloud and virtualization efforts.