Red Hat announced its financial results for the second quarter of fiscal year 2016.
Total revenue for the second quarter ended Augus 31, 2015 was $504 million, with an increase of 13% from the same quarter last year. Looking at the financial details we can see that total subscription revenue earned for the quarter was $363 million, with an increase of 9% year-over-year. Operating cash flow for second quarter was of $120 million, up 12% year-over-year, total cash and cash equivalents and investment was $2.0 billion after repurchising about $70 million.