Red Hat credits strong renewals in its top accounts, new project spending, expansion, and cross-selling for its strong second-quarter revenue and income performance. The company’s total revenue for the quarter was $219.8 million, an increase of 20% year-over-year. Subscription revenue was $186.2 million, up 19% compared with the same period in 2009. The quarter represented Red Hat’s best billings growth rate in two years, said Jim Whitehurst, president and CEO.”]
Source: https://www.darkreading.com/database-security/red-hat-boasts-20-gain-in-2q-earnings