Red Hat Inc. known as the world’s leading provider of open source solutions just held its 2016 Business Update Media Briefing in Kuala Lumpur. The company shared its financial highlights for its fiscal fourth quarter (Q4) and fiscal year ended February 29, 2016 (FY16). Q4FY16 marked Red Hat’s 56th consecutive quarter of revenue growth, contributing to Red Hat’s first fiscal year crossing $2 billion (approx. RM8 billion) in total revenue.
In Malaysia and throughout the region, many use Red Hat to provide both the infrastructure and the application development platforms to run their enterprise applications consistently and reliably across physical, virtual, private cloud and public cloud environments. With the growing opportunities and projected increased in IT spending overall, businesses will continue to adopt open source solutions as the mainstream technology that not only liberates resources, but at the same time, provides an IT infrastructure that is secure, robust, and agile.
The company reiterated its commitment in Malaysia through the set-up of its local subsidiary, Red Hat Malaysia Sdn Bhd last year and the recent appointment of its new Country Manager for Malaysia, Kok Hon-Loong. The local office and newly appointed Country Manager will better serve customers and strengthen partner ecosystem in the country. Apart from this, Red Hat shared its local success stories of two customers namely Comptel, an international software company that develops, sells and delivers software products and related services to digital and communication service providers and Xchanging Malaysia, a joint venture between Xchanging and YTL Communications that develops and delivers enhanced mobile internet and cloud- based hosting offerings to customers across the globe.
