IDG Contributor Network: Red Hat expected to rake in $2.4 billion in revenue this year

The king of Linux, Red Hat, continues its growth as a leading Linux vendor that’s betting big on the cloud. Yesterday, the company announced financial results for its second quarter of fiscal year 2017 ended August 31, 2016.

The company generated $ 600 million in revenue for the quarter, a 19 percent year-over-year increase. Red Hat is often credited with creating a business model around Linux and Open Source: a subscription based service and support model.

Subscription revenue for the quarter was $ 531 million, which accounts for 89% of total revenue. It was a 20% year-over-year increase. Based on these numbers we can safely assume that Red Hat will be generating revenues around $ 2.415 billion in this fiscal year. That makes Red Hat the most successful pure open source company to date.

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Facebook touts 1.5 billion interactions for its Rio Olympics coverage with Michael Phelps video as the crown jewel

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While athletes went for the gold, Facebook achieved a new record of views and clicks for its own coverage of the Rio Olympics 2016. 

Facebook saw more than 1.5 billion interactions — likes, posts, comments and shares — related to the Olympics throughout the games. From Aug. 5 to 21, 277 million people participated in the conversation around the world, meaning Facebook users, on average, interacted with Olympics-related stories 5 times. 

The social networking giant did not provide an apples-to-apples comparison from the previous summer games in London. Back in 2012, Facebook announced 116 million posts and comments and 12.2 million likes to athletes’ pages, not on posts.  Read more…

More about Michael Phelps, Facebook Video, Rio 2016, Olympics 2016, and Olympics


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Salesforce to Buy Demandware for $2.8 Billion

With its latest acquisition, Salesforce gains an established e-commerce platform to compete in the multi-billion dollar digital commerce industry.
InformationWeek: Cloud

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