Open source company Red Hat has recorded an increase of 15% in its revenue year-on-year for the first quarter of the 2020 fiscal year which ended on 31 May.
A significant shift toward digital business models that harness technology trends such as cloud computing, Internet of Things (IoT), analytics and artificial intelligence (AI) is boosting worldwide spending – including in Australia - on application infrastructure and middleware (AIM), according to a new market report from Gartner.
Red Hat is on track to record a third year of US$2 billion-plus revenue, with results for the second quarter of fiscal 2018 showing the company had raked in US$723 million, an increase of 21% on the corresponding quarter a year ago.
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