Language Selection

English French German Italian Portuguese Spanish

Red Hat CEO: 'This Is a Good Market For Us'

Filed under
Linux

Despite Red Hat (RHT) shares seeing slight pressure in early Tuesday trade, CEO Jim Whitehurst says that this is a great environment for the Linux software provider.

"This is a really good market for us," Whitehurst noted, in a phone interview. "There is relative uncertainty right now, so budgets are tight, and the basic cost saving stuff we do is working well in tight markets." The CEO also pointed to the shift to cloud computing, particularly on open source, adding that Red Hat's well positioned to deliver growth for investors.

Shares of the Raleigh, N.C.-based company are up 35% year-to-date, and Whitehurst said that the stock's performance is based on strong growth and solid guidance provided in March.

Rest here




More in Tux Machines

digiKam Software Collection 4.3.0 released...

After a long bugs triage, we have worked hard also to close your reported issues.. A long list of the issues closed in digiKam 4.3.0 is available through the KDE Bugtracking System. Read more

Seneca College realizes value of open source

Red Hat has done a lot of work with CDOT, lately specializing in Fedora for ARM processors. Pidora, the Fedora Linux Remix specifically targeted to the Rasberry Pi, was primarily developed at CDOT. Another company that we have been working with lately is Blindside Networks. They do a lot of work with CDOT on the BigBlueButton project, which is a web conferencing tool for online education. NexJ is a Toronto-based software development firm that has worked with CDOT on various aspects of open health tools on the server side and integration of medical devices with smart phones. We have recently started working on the edX platform, where developers around the globe are working to create a next-generation online learning platform. Read more

Today in Techrights

Initial impressions of PCLinuxOS 2014.08

I spend more time looking at the family trees of Linux distributions than I do looking at my own family tree. I find it interesting to see how distributions grow from their parent distribution, either acting as an extra layer of features which regularly re-bases itself or as a separate fork. New distributions usually tend to remain similar in most ways to their parent distro, using the same package manager and maintaining similar philosophies. When I look at the family trees of Linux distributions one project stands out more than others: PCLinuxOS. Read more