Red Hat announced its financial results for the first quarter of fiscal year 2017.
Total revenue for the first quarter was $568 million, with an increase of 18% from the same quarter last year (in constant currency). Looking at the financial details we can see that total subscription revenue earned for the quarter was $502 million, with an increase of 18% year-over-year (in constant currency). Operating cash flow for first quarter was of $232 million, up 8% year-over-year, total cash, cash equivalents and investments as of May 31, 2016 was $2.12 billion after repurchasing approximately $66 million, or approximately 900 thousand shares, of common stock in the first quarter.