'We expect this is the bottom' in enterprise growth: Red Hat CEO
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'We expect this is the bottom' in enterprise growth: Red Hat CEO
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Red Hat CEO: 'We expect this is the bottom' in enterprise growth, it should re-accelerate
Wall Street wasn't pleased with Red Hat's second-quarter revenue miss on Wednesday, but the software company's outlook is much brighter than this quarter made it seem, Red Hat President and CEO Jim Whitehurst told CNBC on Friday.
An open-source software provider that helps enterprises get onto the cloud, Red Hat gets much of its business from its Enterprise Linux operating system, which helps run companies' applications via private and public clouds.
But the Enterprise Linux division's modest second-quarter growth of 8 percent didn't mean business was slowing permanently, Whitehurst told "Mad Money" host Jim Cramer in an exclusive interview.
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