Redhat Report Q1 Revenue Up 33%

In their recent quarterly earnings reaport, Redhat announced that their revenue was up for the first quarter of the year to $156 Million, which is up 33% on year on year results. Redhat are making strong gains in the middleware sector, with JBoss leading their revenue increase along with associated sales of operating system support.

JBoss is a leading open source web application server that competes head to head with commercial solutions from Oracle/BEA and IBM. RedHat acquired Jboss for $420M back in early 2006, and the company has experienced solid growth since entering the middleware market with the product.

RedHat also recently announced the availability of a beta of the JBoss platform running on Amazon EC2. Amazon and Redhat have always had a strong relationship, with Redhat supplying the company with IT services for a number of years now. The announcement of the beta of JBoss on EC2 co-incided with Redhat’s new cloud computing initiative, which seems set to attempt to promote RedHat products and services in the cloud computing space.