Red Hat grew both Q1 total revenue and subscription revenue at 18% year-over-year, and had strong sales execution that led to a record number of deals over $1 million dollars in a Q1, it says.
Total revenue for the quarter was $568m. Subscription revenue for the quarter was $502m, up 18% in dollars year-over-year and as measured in constant currency. Subscription revenue in the quarter was 88% of total revenue.
Regionally, EMEA's relative contribution to total bookings was lower than the prior year, but its underlying momentum was strong, said the firm.
In Q1, the EMEA sales team was faced with a smaller number of multi-year deals in its renewal base when compared to Q1 last year and there was a focus on driving significant new business and a higher growth rate in single year bookings.
The Q1 route-to-market mix was 78% from the channel and 22% from the direct sales force, compared to a 75/25% split in Q1 last year.
Within the top largest deals, all of them were $1m or more.
And the company reported record six deals in Q1 that were in excess of $5 million. Of these deals two were over $10m.
Globally, this was a record first quarter for large deals with 45 deals over $1m which was up 50% year-over-year.
Cross-selling was strong, with a record high of 80% of the top 30 deals including one or more components from the group of Application Development and emerging technologies offerings.