Second quarter total revenue of $823 million, up 14% year-over-year, or 14% in constant currency
Second quarter Application Development-related and other emerging technology subscription revenue of $196 million, up 31% year-over-year, or 31% in constant currency
Quarter-end deferred revenue balance of $2.4 billion, up 17% year-over-year, or 19% in constant currency
“Customers continue to prioritize their digital transformation initiatives, and they are adopting Red Hat’s hybrid cloud enabling technologies to modernize their applications and drive greater efficiency and effectiveness in their business,” stated Jim Whitehurst, President and Chief Executive Officer of Red Hat. “The expansion of our technology portfolio has increased our strategic importance with customers, which is evidenced by the number of deals over five million dollars in the second quarter more than doubling year-over-year.”
“Our second quarter results were consistent with our guidance and we drove 20% growth in total backlog to $3.3 billion,” said Eric Shander, Executive Vice President and Chief Financial Officer for Red Hat. “We are re-affirming our full year growth in constant currency at 16%-17% year-over-year; however, we are adjusting our full year total revenue guidance in dollars by approximately $15 million, solely to account for the change in FX rates.”
https://investors.redhat.com/news-and-events/press-releases/2018/09-19-2018-211623208
