Tuesday, 22 September 2020 11:24

Open-source vendor SUSE says third-quarter revenue grew by 14%

Open-source vendor SUSE says third-quarter revenue grew by 14% Image by aroblesgalit from Pixabay

Germany-based open source company SUSE says it increased revenue by 14% year-on-year in the third quarter of its financial year, despite the COVID-19 crisis.

The company is now under private management again and hence did not provide figures for its results.

In a statement, SUSE said cloud annual contract value bookings grew by 81%, the 14th straight year of growth.

There was a 35% increase in deals more than US$1 million and additional 50% demand for enterprise Linux to run SAP workloads.

The company said it saw 25% and 21% increases for annual contract value bookings in North America and Asia-Pacific and Japan respectively.

Customers of note to come aboard during the quarter were Dell EMC and global measurement and automation technology provider Endress+Hauser.

“As the world works through the challenges of the current pandemic, SUSE continues to deliver value as a partner, community member and provider of transformational technology solutions,” said SUSE chief executive Melissa Di Donato.

“Our ongoing growth reflects our dedication to customer satisfaction as well as SUSE’s strong business model and resilience as a company. And we aren’t stopping here as we plan to further accelerate our growth trajectory with the announcement of a definitive agreement to acquire Rancher Labs, which will significantly expand our portfolio and share in the Kubernetes market.”

During the third quarter, SUSE added to its leadership team. Chief financial officer Andy Myers, chief growth officer Michael Riley, and regional sales leads Jeff Lattomus, president, North America, and Phillip Miltiades, president, Asia Pacific and Japan, were the executives who were hired.

The company opened a new engineering and innovation centre in Sofia, Bulgaria. It already has major development sites in Germany, the Czech Republic, India and the US.

The company behind the oldest Linux distribution, SUSE was first bought by Novell in 2003. It was then acquired by Attachmate in 2010 and taken private, when the company bought Novell.

In 2014, Micro Focus acquired SUSE from Attachmate along with the other properties that were part of Novell. The amount that Micro Focus earned from the SUSE sale — US$2.535 billion — was more than what it paid for Attachmate as a whole – US$2.35 billion.

In July 2018, SUSE was acquired by its fourth and current owner — Swedish growth investor EQT — and the sale was closed in March the following year.

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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