Red Hat News
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Red Hat Updates Enterprise Container Platform
Red Hat OpenShift Container Platform 3.3 debuts as the company backs the new OCID project to build a new container engine for Kubernetes.
Red Hat announced on Sept. 22 OpenShift Container Platform 3.3 as well as a new project called Open Container Initiative Daemon (OCID) in a bid to optimize enterprise container deployments in production.
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Red Hat Growing Million Dollar OpenStack Deals
Red Hat is continue to grow its business, with more million-dollar deals than ever before and a growing OpenStack cloud business.
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While Red Hat Enterprise Linux remains the flagship product, cross selling across multiple Red Hat product categories is a key driver of growth.
According to Red Hat CFO Frank Calderoni over 70 percent of the top 30 deals in the quarter included one or more components from a group of Application Development and emerging technologies offerings. He also noted that Financial services and government were Red Hat's top verticals in second quarter.
"Seven of the top 30 deals had OpenStack in there, nine had RHEV," Whitehurst said. "We had three OpenStack deals alone that were over $1 million. So I think we're seeing really, really, really good traction there."
Whitehurst is also optimistic about the competitive positioning of Linux in the cloud as opposed to on-premises workloads.
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Why Red Hat is misunderstood amid public cloud worries
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Tech Stocks Indications! Red Hat Inc (RHT), NVIDIA Corporation (NASDAQ:NVDA)
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Red Hat Inc 9.7% Potential Upside Now Implied by UBS
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Red Hat: What's On The Menu?
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Red Hat Inc. (RHT) Given New $79.00 Price Target at Jefferies Group
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News Buzz in Analytic Views- Red Hat, Inc. (NYSE:RHT), Infoblox Inc. (NYSE:BLOX)
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Red Hat Inc. (RHT) Jumped After Q2 Profit Beat & Guidance Increase
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Red Hat Inc. (RHT) PT Set at $88.00 by Oppenheimer Holdings Inc.
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Red Hat Inc. (RHT) Given Buy Rating at JMP Securities
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Red Hat Inc. (RHT) Receives "Hold" Rating from Bank of America Corp.
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Red Hat's (RHT) "Buy" Rating Reaffirmed at Barclays PLC
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what are Analysts report about: Red Hat, Inc. (NYSE:RHT)
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Red Hat Inc (RHT) Margins to Remain Under Pressure Despite Solid Q2 Results
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Red Hat Inc. (RHT) Price Target Raised to $92.00 at Citigroup Inc.
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Red Hat Inc. (RHT) Given a $88.00 Price Target by Oppenheimer Holdings Inc. Analysts
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Red Hat's (RHT) Buy Rating Reaffirmed at JMP Securities
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Red Hat's (RHT) Outperform Rating Reaffirmed at William Blair
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Red Hat Inc. (RHT) Receives Buy Rating from Drexel Hamilton
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How Red Hat, Inc.'s Second Quarter Stunned the Street
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