Language Selection

English French German Italian Portuguese Spanish

Red Hat's Q4: Misses revenue but wins on earnings

Filed under
Linux

Given the heightened interest in putting open source to work for big data analytics in the last few months, many eyes were on Red Hat after the bell today.

The open source company reported fourth quarter earnings of $43 million, or 22 cents a share (statement). Non-GAAP earnings were 36 cents a share on a revenue of $348 million, up 17 percent annually.

But Wall Street was expecting Red Hat to report non-GAAP earnings of 30 cents a share on revenue of $349.4 million.

rest here




More in Tux Machines

GNOME 3.26 "Manchester" Desktop Environment Slated for Release on September 13

The GNOME Project published today the preliminary release schedule for the next major version of the popular GNOME desktop environment, GNOME 3.26, whose development will start very soon. Read more Also: GNOME 3.26 Release Schedule Published

SUSE Linux Enterprise High Availability Extension

Historically, data replication has been available only piecemeal through proprietary vendors. In a quest to remediate history, SUSE and partner LINBIT announced a solution that promises to change the economics of data replication. The two companies' collaborative effort is the headliner in the updated SUSE Linux Enterprise High Availability Extension, which now includes LINBIT's integrated geo-clustering technology. Read more

Tizen and Android

Open source is mission critical for Europe’s air traffic

It is entirely possible to use open source in a highly regulated environment such as air traffic control, says Dr Gerolf Ziegenhain, Head of Linux Competence & Service Centre (LCSC) in Mainz (Germany). Open source service providers can shield an organisation from the wide variety of development processes in the open source community. Read more