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).
KUALA LUMPUR, 17 MAY 2017 : Red Hat, Inc. (NYSE: RHT) today announced that enterprises in the ASEAN region have adopted Red Hat OpenShift Container Platform to enable faster application delivery.
Ranging from the telecommunications and financial services industries, organizations in ASEAN are deploying Red Hat OpenShift Container Platform to enable their developers to more quickly develop, host, and scale applications in cloud environments.
ASEAN Adoption Of Red Hat OpenShift Container Platform
The Red Hat OpenShift Container Platform is the first and only container-centric, hybrid cloud solution built from Linux containers, Kubernetes, Project Atomic and OpenShift Origin upstream projects based on the trusted backbone of the world’s leading enterprise Linux platform, Red Hat Enterprise Linux.
Red Hat OpenShift Container Platform provides a more secure, stable platform for container-based deployments without sacrificing current IT investments, allowing for mission-critical, traditional applications to coexist alongside new, cloud-native and container-based applications.
In the ASEAN region, Red Hat has seen a stronger momentum for its container application platform, highlighted by several recent Red Hat OpenShift Container Platform deployments in markets like Singapore and Indonesia, including: Bank Tabungan Pensiunan Negara (BTPN) (Indonesia); CrimsonLogic (Singapore); Federal International Finance (Indonesia); Rutledge Global (Singapore) and XL Axiata (Indonesia).
Affirming its innovation in container-based and cloud-native application development, Red Hat OpenShift Container Platform received the 2017 Cloud Technical Breakthrough award in February 2017.
A 2016 IDC study on The Business Value of Red Hat OpenShift, sponsored by Red Hat, found that OpenShift enables customers to respond to market requirements faster by delivering business-critical, microservices-based applications with DevOps processes. These benefits include 66% faster application delivery times, $1.29 million (approx. RM5.6 million) average annual benefits per 100 application developers per year, and 531% average ROI over five years.
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by Damien Wong, Vice President and General Manager, Red Hat ASEAN
2016 proved to be an eventful year for Red Hat. As the world’s leading provider of open source solutions, Red Hat plays a key role in helping organizations around the world transform as open source becomes a de facto standard for innovation in IT. As a nod to the role we play, Red Hat was again named to Forbes’ list of the “World’s Most Innovative Companies” earlier this year.
Red Hat’s innovativeness was manifested in several ways this year. We advanced the company’s open hybrid cloud portfolio with key innovations in containers, OpenStack, virtualization, application development, cloud management, storage, and more. Underscoring this, we were also recently recognized as a “Leader” in Gartner’s 2016 Magic Quadrant for Full Life Cycle API Management and in The Forrester Wave Report for Hybrid Cloud Management Solutions and Mobile Infrastructure Services.
In open source, the ecosystem plays a key role in offering customers broader choice. We are pleased to share that Red Hat advanced collaboration with key industry leaders, including Ericsson, Google, and Microsoft this year.
Taking a look back, in 2016 and the year prior, we also saw local enterprises signing on for Red Hat’s Training and Certification programs to help their IT teams be well-prepared to tackle critical real-world scenarios. In addition, we also recognized a local customer, Tenaga Nasional Berhad (TNB) as the 2016 Red Hat Innovation Awards APAC winner for Malaysia. TNB was awarded for embarking on an IT transformation journey to modernize its IT environment that was previously based on proprietary UNIX systems, into a modern open source platform based on Red Hat solutions.
Aside from that, in 2016, we also witnessed many organizations in Malaysia being receptive to the idea of embarking on a digital transformation journey by using new ways of developing, delivering and integrating applications as a response to the digital disruption we are seeing across industries. Through digital transformation, organizations are meeting growing customer expectations for digital services, and moving to technology solutions – including open hybrid cloud solutions – that can help them improve business agility, flexibility and scalability.
IDC also predicts that digital transformation in Asia Pacific (excluding Japan) may attain macroeconomic scale over the next three to four years, changing the way enterprises operate and reshaping the global economy. According to IDC, by 2020 half of the A1000 (APAC 1000 enterprises) will see majority of their business depending on their ability to create digitally-enhanced products, services and experiences. 2017 is expected to be a defining year for digital transformation.
I am optimistic that in the coming year, many organizations will make moves in order to better compete in the digital economy. Knowing there is a need to transform, I believe many CIOs will develop a holistic digital strategy in the upcoming year. This should not only focus on IT infrastructure, but more so around the remodeling of their businesses to be more agile and innovative. In relation to this, open source technologies present an ideal approach in terms of flexibility, a reinvention of processes, faster innovation through ecosystem collaboration, and scalability.
Open source is fundamentally about being part of an ecosystem of IT leaders, advocates, developers, and partners who work together to build the future of IT. We believe that businesses in Malaysia will continue to see Red Hat as an enabler – delivering the speed, flexibility, and innovation that they need in order to thrive in the age of the customer.
Red Hat just held their 6th Red Hat Forum here in Kuala Lumpur on the 6th of October 2016. The theme at Red Hat Forum 2016 was “Power of Participation“, building on Red Hat’s vision of enterprises transforming themselves and/or creating new innovations by participating in and collaborating on open source software.
At an exclusive media event, Chris Wright and Damien Wong from Red Hat, as well as Frederic Giron of Forrester, gave us an overview of what was covered during Red Hat Forum 2016. Check it out!
Left to right : Frederic Giron (Forrester), Chris Wright (Red Hat) and Damien Wong (Red Hat)
The Red Hat Forum 2016 Media Briefing
Damien Wong, Vice President and General Manager of Red Hat ASEAN, kicked off the media briefing session with an overview of the Red Hat Forum, and the Red Hat Forum 2016 theme of the “Power of Participation“. He also announced the winners of the 2016 Red Hat Innovation Awards in the Asia Pacific region.
Next, Red Hat Vice President and Chief Technologist, Chris Wright, dove into how open source collaboration will help enterprises transform themselves to adapt to a fast, flexible future. A future where more services will be processed in the cloud, served on the Internet, and consumed on mobile devices.
Finally, Frederic Giron, Forrester Vice President and Research Director Serving CIOs, gave an overview of the Red Hat-commissioned ‘Open Source Drives Digital Innovation‘ survey of 450 CIOs in Asia Pacific.
Red Hat Q2 FY2017
Two weeks ago, Red Hat announced their financial results for the second quarter of the fiscal year 2017. Here are some key points :
Revenue : Total revenue for the quarter was $600 million, up 19% in U.S. dollars year-over-year, or 18% measured in constant currency.
Operating Income : GAAP operating income for the quarter was $82 million, up 7% year-over-year. After adjusting for non-cash share-based compensation expense, amortization of intangible assets, and transaction costs related to business combinations, non-GAAP operating income for the second quarter was $137 million, up 11% year-over-year.
Net Income : GAAP net income for the quarter was $59 million, or $0.32 per diluted share, compared with $51 million, or $0.28 per diluted share, in the year-ago quarter. After adjusting for non-cash share-based compensation expense, amortization of intangible assets, transaction costs related to business combinations, and non-cash interest expense related to the debt discount, non-GAAP net income for the quarter was $101 million, or $0.55 per diluted share, as compared to $88 million, or $0.47 per diluted share, in the year-ago quarter.
Cash : Operating cash flow was $97 million for the second quarter, a decrease of 21% on a year-over-year basis. Total cash, cash equivalents and investments as of August 31, 2016 was $2.0 billion after repurchasing approximately $127 million, or approximately 1.8 million shares, of common stock in the second quarter.
Revenue guidance is expected to be $2.415 billion to $2.435 billion in U.S. dollars.
GAAP operating margin is expected to be approximately 13.8% and non-GAAP operating margin is expected to be approximately 23.0%.
Fully-diluted GAAP earnings per share (EPS) is expected to be approximately $1.35 to $1.37 per share. Fully-diluted non-GAAP EPS is expected to be approximately $2.23 to $2.25 per share. Both GAAP and non-GAAP EPS assume a $1 million to $2 million per quarter forecast for other income. Both GAAP and non-GAAP EPS also assume an estimated annual effective tax rate of 27% before discrete tax items and 184 million fully-diluted shares outstanding.
Operating cash flow guidance range is expected to be approximately $800 million to $820 million.
For Q3 FY2017 :
Revenue guidance is $613 million to $623 million.
GAAP operating margin is expected to be approximately 13.4% and non-GAAP operating margin is expected to be approximately 23.3%.
Fully-diluted GAAP EPS is expected to be approximately $0.34 per share. Fully-diluted non-GAAP EPS is expected to be approximately $0.58 per share. Both GAAP and non-GAAP EPS assume a $1 million to $2 million forecast for other income. Both GAAP and non-GAAP EPS also assume an estimated annual effective tax rate of 27% before discrete tax items and 184 million fully-diluted shares outstanding.