On June 18 Red Hat announced its financial results for its fiscal year 2016 and for the first quarter of 2015.
Total revenue for the first quarter ended May 31, 2015 was $481 million, with an increase of 14% from the same quarter last year. Total revenue for the first quarter of fiscal 2016 also included an additional $5 million of subscription revenue earned from Red Hat’s Certified Cloud Providers (CCP). Looking at the financials details we can see that subscription revenue was of $425 million, up 14% year-over-year. Operating cash flow for first quarter was of $209 million, up 27% year-over-year, full fiscal year operating cash flow of $623 million, up 15% year-over-year.