KUALA LUMPUR, March 27, 2018 – Red Hat today announced that the Red Hat Q4FY2018 global revenue is $772 million (approx. RM2.99 billion).The Asia Pacific region (APAC), of which Malaysia is part of contributed to this earnings as 17 percent of Red Hat’s total bookings came from the APAC region.
Red Hat Q4FY2018 Global Revenue & APAC Contribution
Damien Wong, Vice President and General Manager for Red Hat Southeast Asia, Taiwan and Hong Kong (SEATH), shared that application development and emerging technologies saw an encouraging growth as it accounted for $173 million (approx. RM670 million) of the global Red Hat Q4FY2018 revenue.
Speaking on Malaysia’s journey towards advancing its Digital Economy, Damien shared that the Digital Economy is indeed critical to the country’s growth and success. In line with that, the policies and initiatives that are already in place today are encouraging the adoption of technology and fueling the country towards a more advanced and matured Digital Economy. By engaging with industry partners such as Red Hat, the transformation speed of the country’s economy can be spurred.
Apart from that, Damien also elaborated on industry trends in Malaysia and the region that are a clear reflection of the steady rate of open source adoption.
These trends include continuous innovation as businesses realize that incremental innovation is just not enough anymore; strong spending for IT as Gartner predicts that Malaysia’s IT spending is set to increase by 5.7 percent to RM65.2 billion this year (2018), compared with RM61.6 billion last year; and upward mobile adoption as it creates unique markets and business models that cater to a new generation of consumers embracing a mobile-centric world.
In Malaysia, Red Hat has been helping numerous organizations to reduce IT costs and downtime and also innovate as well as modernize legacy IT infrastructures. Some of these organizations include Suruhanjaya Syarikat Malaysia (SSM), Tenaga Nasional Berhad (TNB), CTOS Data System Sdn. Bhd. and Grab (Southeast Asia).