Americas account for 58% of Red Hat's bookings in fiscal Q2, CFO says

- Thursday, September 22, 2011

Americas account for 58% of Red Hat's bookings in fiscal Q2, CFO says

The Americas accounted for 58% of US Linux operating systems provider Red Hat's (NYSE: RHT) bookings in its fiscal second quarter, ended August 31, company CFO and executive VP Charles Peters told a conference call with investors.

The company posted revenues of US$281mn in its fiscal second quarter, up 28% compared to the year-ago period. Subscription revenue was US$238mn, up 28% year-on-year.

Net income for the quarter reached US$40mn, compared to US$23.7mn a year ago.

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Company CEO Jim Whitehurst said the company is seeing a better scenario for open source in several countries around the world.

"Our research indicates that more than 40 countries have adopted policies that promote a fair playing field for open source or emphasize technology neutrality for open source when compared to proprietary software, notably in the UK, India, Brazil and Australia," Whitehurst said. "This type of validation enables Red Hat to win and strengthen relationships with a government stamp of approval."

"The combination of strong sales execution and customer demand led to second quarter revenue that was above our guidance and represented our fourth straight quarter of accelerating revenue growth," he said.

Meanwhile, Peters highlighted that during this year, the company has already opened four new offices globally, one of which is in Chile.