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Red Hat looks to establish PHL unit

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Red Hat

The company reported a $1.79-billion revenue in its fiscal year ending February 2015. Mr. Wong said the Philippine market’s contribution is “growing” but did not release figures.

“The Philippines is one the fastest-growing economies in Asia and we see a lot of investment in enterprise IT (information technology). We expect many companies to adopt Red Hat technologies,” Mr. Wong said. “The awareness is growing, there is a pent-up demand.”

Red Hat is targeting to strengthen its hold on corporate clients, especially mid-market companies, in the telecommunications, banks, transportation, manufacturing and service sectors, as well as government agencies.

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