Red Hat’s channel revenue gets boost

agent-carter-7683Open saucy specialist Red Hat has said that at the end of its first quarter three-quarters of its services business is going through the channel

Red Hat’s channel business has continued to grow with the open source specialist reporting increases in indirect revenues.

The firm reported that 75 percent of its business now goes through the channel as of its fiscal Q1, which was up from 72 percent a year earlier.

The vendor issued its first-quarter numbers, for the three months ended 31 May, giving investors the mixed bag of a Q1 with a 20 percent revenue increase to $814 million.

The results show that Red Hat is a bit worried about the rest of the year because of exchange rate issues.

Red Hat executive vice president and CFO Eric Shander said: “We are focused on building our strategic partnerships within our mid-market customers. In Q1, our mid-market deals greater than $250,000 increased 138% year-over-year from 21 deals to 50 deals, with notable growth in Ansible and OpenShift.”